Platts proposes discontinuation of various Indian rice weekly assessments

S&P Global Platts is proposing to discontinue the following Indian rice weekly assessments, and their related volatility calculations, effective March 25, 2022.

Trade of these grades has become increasingly illiquid as farmers have chosen to plant 1509 Basmati and as buyers increasingly show a preference for steam and parboiled Basmati over white Basmati.

Assessment name: Assessment code: Volatility code

Traditional White Basmati 2% broken: LRCGG00: RVCGG00

Traditional Parboiled Basmati 2% broken: LRCIG00: RVCIG00

Traditional Brown Basmati 2% broken: LRCHG00: RVCHG00

1121 White Basmati 2% broken: LRCMG00: RVCMG00

Pusa White Basmati 2% broken: LRCJG00: RVCJG00

Sharbati white rice 2% broken: LRCEG00: RVCEG00

These assessments are published on Platts Agricultural Alert page PAA2412 and PAA3003 and in the Rice Weekly report. The volatility calculations are published on Platts Agricultural Alert page PAA3005 and in the Rice Weekly report.

Please send all comments, feedback and questions to europe_ags@spglobal.com and pricegroup@spglobal.com by Jan. 10, 2022.

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.