S&P Global Platts has decided 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.
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