- LRI Says
- South America
- Other Countries
Our aim is to provide accurate information and robust price assessments, which assist market participants in making sound business and trading decisions, whilst enabling the world’s rice markets to operate with greater transparency and efficiency. In doing so, we hope to equip rice market participants with the tools that they need to better manage their exposure to risk.
During the "2008 Rice Price Crisis", exceptionally high rice prices and extreme price volatility caught the attention of rice industry participants and policy?makers worldwide. As the scrutiny of commodity markets increases, transparency and integrity take on heightened importance as the LRI strives to enhance market confidence and efficiency.
The LRI’s role is to observe and report on the world’s rice markets, whilst developing increasingly accurate methods for accessing and evaluating rice price information. To build confidence in the rice price assessment process, we aim to make our price assessments and methodology as transparent and robust as possible.
Transparency enables rice market participants to identify the true market value of a given rice variety and understand the market forces behind price movements.
For the LRI, "price integrity" relates to logical processes when performing price discovery as well as procedures which build confidence in the resulting assessments. The assessment of high quality data, using structured and considered methodologies should ensure increased price integrity and market confidence.
We follow a published methodology for each rice price assessment. These dynamic documents are subject to review and amended after thorough consultation with the trade. The LRI does not use any item of information in its rice price assessment process that is inconsistent with its methodology and quality guidelines.
We are not traders or brokers and we will never take a physical or paper position in any rice market. We are independent.
The LRI is a global provider of information on the rice industry and a leading source of benchmark price assessments for rice. Since 2011, the Live Rice Index has provided reliable information and market insights.
The LRI is a subscription-only service which provides differentiated tiers of access to livericeindex.com and the LRI Reports. Visit our why subscribe page for more information on LRI Subscription tiers and our services.
In this week's report: USDA forecast China's 2015/16 milled rice imports to increase to 4.7 million MTS; India's Government paddy procurement well underway; Brazilian paddy production forecast down by at least 2.4% by CONAB.
13.11.15: Local prices in Thailand firm as exporters cover cargoes for Indonesia; Bangladeshi Govt. to raise 10% rice import duty imminently; Egyptian paddy production forecast down by 13.2% as high temperatures have reduced field yields.
6/11/2015: South Korea reaches phytosanitary agreement with China; Indonesian rice production for 2015 forecast down by 1.5% to 35.76 mn. MTS (milled equivalent); Italian paddy market shows signs of calming following recent volatility.
30/10/2015: Increase in unofficial rice imports into Nigeria from Benin; Egyptian paddy production forecast at 5.98 million MTS as harvest draws to a close; Planting in Uruguay and Brazil delayed by rainfall.
23/10/2015: Typhoon Koppu destroys around 412,000 MTS of paddy in the Philippines; IGB announces new white rice tender: Argentina, India, Uruguay and U.S. eligible origins; Brazilian stocks low as imports decline by 45% in first nine months of 2015.