Agriculture, Rice

September 12, 2024

Platts proposes to amend payment terms for selected rice assessments Nov 1

Platts, a division of S&P Global Commodity Insights, is proposing to amend the payment terms reflected in a number of its rice price assessments, effective Nov. 1

The proposed changes are intended to ensure Platts assessments better reflect typical trade practices in the global rice market.

Platts proposes to change the payment terms reflected in a number of its rice price assessments covering Asia, Europe, Africa and the Americas.

There would be no change to the payment terms reflected by Platts Vietnamese rice coverage.

All assessments appear on Platts Connect, as well as in the Rice Daily publication for daily assessments, and Rice Weekly for weekly assessments.

Further details of Platts global rice coverage can be found in the Platts Global Rice Specifications Guide global-rice.pdf (spglobal.com)

Please send any feedback, questions, and comments to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com by Sept. 29 .

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing .

Platts will consider all comments received and will make comments not marked as confidential available upon request.

The full list of assessments is:

Assessment Name Symbol Current Payment Term Proposed Payment Term Assessment Frequency
Asia
Thailand
Thai Long Grain White Rice 100% Grade B FOB LRAAC00 By Letter of Credit payable at sight Cash Against Documents Daily
Thai Long Grain White Rice 5% Broken FOB LRABB00 By Letter of Credit payable at sight Cash Against Documents Daily
Thai Long Grain White Rice 25% Broken FOB LRAEE00 By Letter of Credit payable at sight Cash Against Documents Daily
Thai Long Grain White Rice A1 Super 100% Broken FOB LRAFC00 By Letter of Credit payable at sight Cash Against Documents Daily
Thai Long Grain Parboiled Milled Rice 100% STX FOB LRAGC00 By Letter of Credit payable at sight Cash Against Documents Daily
Thai Long Grain Fragrant Rice Hom Mali 100% Grade B FOB FCL LRAKA00 By Letter of Credit payable at sight Cash Against Documents Daily
Thai Long Grain Parboiled Milled Rice 5% STX FOB LRAIB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Thai Long Grain Fragrant Rice Hom Mali A1 Super 100% Broken FOB FCL LRALA00 By Letter of Credit payable at sight Cash Against Documents Weekly
Thai Long Grain Fragrant Rice Pathumthani 100% Grade B FOB FCL LRAMC00 By Letter of Credit payable at sight Cash Against Documents Weekly
Thai Long Grain White Glutinous Rice 10% Broken FOB FCL LRANC00 By Letter of Credit payable at sight Cash Against Documents Weekly
India
India Long Grain Parboiled Milled Rice 5% STX FOB LRCFG00 By Letter of Credit payable at sight Cash Against Documents Daily
India 1509 Parboiled Bamati 2% broken FOB FCL LRCGP00 By Letter of Credit payable at sight Cash Against Documents Weekly
India 1509 Steam Basmati 2% broken FOB FCL LRCGS00 By Letter of Credit payable at sight Cash Against Documents Weekly
India Pusa Steam Bamati 2% broken FOB FCL LRCJS00 By Letter of Credit payable at sight Cash Against Documents Weekly
India Pusa Brown Basmati Rice 2% FOB FCL LRCKG00 By Letter of Credit payable at sight Cash Against Documents Weekly
India Pusa Parboiled Milled Basmati Rice 2% FOB FCL LRCLG00 By Letter of Credit payable at sight Cash Against Documents Weekly
India 1121 Steam Bamati 2% broken FOB FCL LRCHS00 By Letter of Credit payable at sight Cash Against Documents Weekly
India 1121 Parboiled Milled Basmati Rice 2% FOB FCL LRCNB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Pakistan
Pakistan Long Grain White Rice 5% Broken FOB LRDAB00 By Letter of Credit payable at sight Cash Against Documents Daily
Pakistan Long Grain White Rice 25% Broken FOB LRDDE00 By Letter of Credit payable at sight Cash Against Documents Daily
Pakistan Long Grain White Rice 100% Broken FOB LRDFG00 By Letter of Credit payable at sight Cash Against Documents Daily
Pakistan Long Grain Parboiled Milled Rice 5% Broken STX FOB LRDGG00 By Letter of Credit payable at sight Cash Against Documents Daily
Pakistan Long Grain White Rice 386 2% Broken FOB FCL LRDEC00 By Letter of Credit payable at sight Cash Against Documents Weekly
Pakistan Super Kernel White Basmati Rice 2% FOB FCL LRDIG00 By Letter of Credit payable at sight Cash Against Documents Weekly
Pakistan Super Kernel Brown Basmati Rice 2% FOB FCL LRDJG00 By Letter of Credit payable at sight Cash Against Documents Weekly
Pakistan Super Kernel Parboiled Milled Basmati Rice 2% FOB FCL LRDKG00 By Letter of Credit payable at sight Cash Against Documents Weekly
Pakistan 1121 Steam Basmati Rice 2% FOB FCL LRDLB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Pakistan 1121 Parboiled Milled Basmati Rice 2% FOB FCL LRDMD00 By Letter of Credit payable at sight Cash Against Documents Weekly
Cambodia
Cambodia Long Grain Fragrant Rice Phka Malis 5% Broken STX FOB FCL LREFB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Cambodia Long Grain Fragrant Rice Sen Kra Ob 5% Broken STX FOB FCL LREGB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Cambodia Long Grain Fragrant Rice 100% Broken A1 Super FOB FCL LREHC00 By Letter of Credit payable at sight Cash Against Documents Weekly
Myanmar
Myanmar Long Grain White Rice 5% Broken FOB FCL LRHAB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Myanmar Long Grain White Rice 25% Broken FOB LRHBE00 By Letter of Credit payable at sight Cash Against Documents Weekly
Myanmar Long Grain White Rice B1 & B2 Broken FOB FCL LRHCI00 By Letter of Credit payable at sight Cash Against Documents Weekly
Myanmar Long Grain Parboiled Milled Rice 5% STX FOB FCL LRHDB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Europe, the Middle East and Africa
Italy
Italy White Rice Indica 5% Broken ex-works LRLBB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Italy White Rice Arborio 5% Broken ex-works LRLCB00 By Letter of Credit payable at sight Cash Against Documents Weekly
West Africa
Long Grain Parboiled Milled Rice 5% STX CFR West Africa LRWRA00 By Letter of Credit payable at sight Cash Against Documents Daily
Americas
US
US Gulf Long Grain Rice #2 4% Broken Hard Milled FOB bulk NOLA LRIBH00 Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight Cash Against Documents Daily
US Gulf Long Grain Rice #2 Paddy 55/70 Yield FOB bulk NOLA LRIFI00 Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight Cash Against Documents Daily
US Gulf Long Grain Rice Southern Pet Food Quality Broken ex-works LRIHI00 Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight Cash Against Documents Daily
US Californian Medium Grain Rice #1 4% Broken FAS FCL Oakland LRIIH00 By Letter of Credit payable at sight Cash Against Documents Daily
US Californian Medium Grain Rice #1 Paddy 58/69 Yield ex-works LRIJI00 By Letter of Credit payable at sight Cash Against Documents Daily
US Gulf Long Grain Rice #2 4% Broken Hard Milled FOB Lake Charles LRIAH00 Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight Cash Against Documents Weekly
US Gulf Long Grain Rice #1 Parboiled Milled 4% Broken FOB bulk NOLA LRIEH00 Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight Cash Against Documents Weekly
US Gulf Long Grain Rice Southern Flour Quality Broken ex-works LRIGI00 Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight Cash Against Documents Weekly
Brazil
Brazil Long Grain White Rice 5% Broken FOB FCL LRGAB00 By Letter of Credit payable at sight Cash Against Documents Daily
Brazil Long Grain White Rice 100% Broken (1/2 Grain Brokens) FOB LRGBC00 By Letter of Credit payable at sight Cash Against Documents Daily
Brazil Long Grain Parboiled Milled Rice 5% Broken STX FOB FCL LRGCB00 By Letter of Credit payable at sight Cash Against Documents Daily
Uruguay
Uruguay Long Grain White Rice 5% Broken FOB FCL LRJAB00 By Letter of Credit payable at sight Cash Against Documents Daily
Uruguay Long Grain Parboiled Milled Rice 5% Broken STX FOB FCL LRJCB00 By Letter of Credit payable at sight Cash Against Documents Daily
Uruguay Long Grain White Rice Olimar 5% Broken FOB FCL LRJBB00 By Letter of Credit payable at sight Cash Against Documents Weekly
Argentina
Argentina Long Grain White Rice 5% Broken FOB FCL LRKAB00 By Letter of Credit payable at sight Cash Against Documents Daily
Paraguay
Paraguay Long Grain White Rice 5% Broken FOB FCL LRLAB00 By Letter of Credit payable at sight Cash Against Documents Weekly