Platts launches Thai rice derivatives assessments

S&P Global Platts has launched assessments of the Thai 5% broken white rice derivatives market, effective Sept. 14, 2020.

The launch follows increasing interest in rice derivatives relating to Thailand, the world's second largest rice exporter in 2019.

A proposal on this topic was published on July 31, 2020, here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/073120-platts-proposes-launch-of-thai-rice-derivatives-assessments and a decision was published on Aug. 14, 2020, here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/081420-platts-to-launch-thai-rice-derivatives-assessments.

Platts is publishing a balance month assessment as well as six calendar months of Thai 5% broken white rice derivative assessments, with M1 being the first full calendar month ahead on the date of publication. The assessments reflect an outright price derivatives contract settling on the average of Platts assessments in the named month. The balance month assessment is published up to and including the 15th day of the month, in line with other Platts derivatives assessments.

The new assessments are published using Platts Market on Close assessment methodology, prioritizing bids, offers, and trades in the Thai 5% derivatives market. Additionally, when required information from other related markets, maybe considered, including historical spot price trends, extrapolated using a proprietary Platts Analytics model.

The new assessments can be found under the following codes:

LRABM00 Thai Long Grain White Rice 5% Broken FOB BalMo

LRABM01 Thai Long Grain White Rice 5% Broken FOB Mo01

LRABM02 Thai Long Grain White Rice 5% Broken FOB Mo02

LRABM03 Thai Long Grain White Rice 5% Broken FOB Mo03

LRABM04 Thai Long Grain White Rice 5% Broken FOB Mo04

LRABM05 Thai Long Grain White Rice 5% Broken FOB Mo05

LRABM06 Thai Long Grain White Rice 5% Broken FOB Mo06

Please send all comments, feedback and questions to ags@spglobal.com and pricegroupags@spglobal.com.

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