Platts to amend basis location for part of its India rice assessments Nov 2

Platts, part of S&P Global Energy, will amend the basis location for part of its India rice price assessments, effective Nov. 2, 2026.

This is based on research and market feedback and is aligned with changes in trade flows of Indian white rice, keeping Platts assessments up to date with market-standard specifications and enhancing transparency regarding Platts' rice price coverage.

This decision follows a proposal published Sept. 21, in a subscriber note available here.

The proposed amendment reflects port changes for the following price assessments:

The remaining specifications of the above assessments will be kept unchanged. Further details of Platts global rice coverage can be found in the Platts Global Grains and Oilseeds Specifications Guide.

The price assessments with the proposed changes are found on S&P Energy Core, Rice Daily publications, and on fixed pages: PAA2401, PAA2412, PAA3000, PAA3003, PAA3009, FS1112.

The assessments would consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades, indicative values, and any other data deemed relevant to the assessment process.

Please send any feedback, questions, and comments to Platts_AgricultureandFood@spglobal.com and pricegroup@spglobal.com.

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.