- 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: Nigerian imported rice stocks estimated as low as 20,000 MTS; Australian milled production estimated to increase by 80% in 2016/17; South Korea announces tender for 66,666 MTS of brown short and medium grain.
15.07.16: Panama buys 58,600 MTS of U.S. paddy; Uruguay sells 30,000 MTS of paddy to Venezuela; Philippines govt. expected to announce import plans next week.
08.07.16: Iraqi Ministry of Trade awards 80,000 MTS of Indian rice in 3 July tender; Thai govt. to auction 3.81 million MTS of old crop rice on 25 July; Brazilian imports in June up 42% from May.
01.07.16: Iraqi Ministry of Trade receives offers for 3 July tender; 1.11 mn. MTS awarded in Thailand’s June old crop auction; USDA forecast total U.S. rice planted area at 1.29 mn. hectares, up 22.8% from last year.
24.06.16: UK's population vote to leave the E.U. in referendum; Iraqi MoT announces new white rice tender to be held on 3 July; Indian government set Kharif crop production target of 93 million MTS equivalent milled.
17.06.16: Iraqi Ministry of Trade rumoured to have bought 100,000 MTS of Indian rice; Thai Commerce Ministry receives bids for 1.99 million MTS of old crop in auction; University of Arkansas expects TPP to be good for total U.S. rice exports.
10.06.16 Philippines: incoming government says there is no 'urgent need' to import rice; Southwest Monsoon arrives in India's southern states; Brazilian Real strengthens against U.S. Dollar as paddy prices continue to increase.