Agricultural Commodities
Rice
Rice is a highly specification-driven physical market, with price references differentiated by origin, variety and percentage of broken grains.
MARKET REFERENCES
How the market commonly references price
There is rarely one universal price for a physical commodity. Commercial value depends on the benchmark, specification, origin, destination, timing and logistics agreed between buyer and seller.
- Thailand 5% broken white rice
- Vietnam 5% broken rice
- India parboiled / white-rice export references
TYPICAL COMMERCIAL STRUCTURE
How physical pricing is often built
Unlike major exchange-traded grains, seaborne rice is generally negotiated as an outright FOB $/mt price for a defined origin and grade, with CFR/CIF obtained by adding freight and insurance.
PRICE DRIVERS
What moves the physical differential?
- Broken percentage
- Variety / milling
- Government export policy
- Crop and stocks
- Freight
PHYSICAL TRADE
Commercial considerations
A 'rice price' is not sufficient by itself — origin, grade, broken percentage, crop year and packaging must be specified.
The examples on this page describe common market conventions at a high level. Actual contracts can use different pricing periods, assessments, quality adjustments, Incoterms and negotiated differentials.
Market methodology reference: view source / methodology
PHYSICAL COMMODITY BROKERAGE
Discuss a Rice requirement.
Share the specification, quantity, origin or destination, delivery basis and timing.