Platts decides to discontinue various Indian rice weekly assessments

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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