Platts proposes to launch Parboiled Rice 5% STX CFR West Africa assessment

Platts, part of S&P Global Commodity Insights, is proposing to launch a new daily assessment for Parboiled Rice 5% STX on a CFR West Africa basis.

The proposed assessment will be the first delivered rice assessment by a price reporting agency and results from the increasing need for transparent rice pricing information in destination markets. The assessment will reflect prices of parboiled rice that meet the required physical specifications, from any global origin.

Delivered prices to other West African ports may be considered in the assessment. Normalization for quality, dimensions, cargo size, packaging, payment terms will reflect current differentials applied in the market, and locational normalization may make use of freight netbacks and freight forwards.

Please direct any questions or comments to europe_ags@spglobal.com with a copy to pricegroup@spglobal.com by Jan. 8, 2023.

For written comments, please provide a clear indication if they 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.