S&P Global Platts is proposing to launch assessments of the Thai 5% broken white rice derivatives market, effective September 14, 2020.
The proposal follows increasing interest in rice derivatives relating to Thailand, the world's second largest rice exporter in 2019.
Platts is proposing to publish a balance month assessment as well as six calendar months of Thai 5% broken white rice derivative assessments, with M1 being the first full calendar month ahead on the date of publication. The assessments would reflect an outright price derivatives contract settling on the average of Platts assessments in the named month.
The proposed assessments would be published using Platts Market on Close assessment methodology, prioritizing bids, offers, and trades in the Thai 5% derivatives market. Additionally, when required information from other related markets, maybe considered, including historical spot price trends, extrapolated using a proprietary Platts Analytics model.
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