Why Subscribe to Live Rice Index?
The Live Rice Index (LRI) is the world’s leading Price Reporting Agency (PRA) focussing on Rice. 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’s team of trained market reporters have provided accurate information and insights that assist our readers in making sound trading and business decisions whilst enabling the world’s rice markets to operate with greater transparency and efficiency. Read more about us here.
The value of accurate market intelligence
It is a competitive market: Whatever your involvement in the rice industry, this commodity market is characterised by international competition and significant exposure to price and counterparty risk. There are many uncontrollable factors which can threaten the continuity of your supply or create demand shocks to which you must react. Mitigating exposure to these risks is a growing concern for the rice trade.
Information is valuable: Having accurate market information and pricing data at your disposal can give you an advantage over your competitors, assist you in managing your exposure to risk, help you to negotiate more competitive prices, assess the performance of your staff, and allow for a more sophisticated planning horizon.
Not all information is equal: We live in an "information age", with the internet providing us greater access to information than ever before. However, most "free" information comes at a cost. The provider of the information is often gaining something in return and may have a position that they are trying to protect.
How to judge the quality of your information:
Ask yourself these questions:
Can you trust it? Is it transparent, reliable, and accurate? Has it been cross-checked and considered by someone with knowledge of the rice industry?
Is it independent and impartial? Who is providing the information and what is their position in the market?
LRI = Quality: Only with the Live Rice Index can you be sure that you are receiving an impartial, independent view of the rice market that has been produced by applying a consistent and transparent methodology. This means with LRI you can trust the information you use to help you in making important decisions. Read more about our vision and principles here.
Who should subscribe?
We have three subscription types available to ensure that whatever your role in the rice market there is a level of access to suit you.
Complete market coverage: For businesses who want all the latest rice market news as it happens. Coverage includes Daily Price Assessments and the supporting LRI Daily, Weekly and Monthly Reports. Upon accepting the appropriate license, users can download a CSV of the complete LRI Price History. The Business Subscription allows full web access for unlimited users, so every member of your staff worldwide can have their own LRI account at no additional cost. How to activate a corporate code.
Regular market updates: For individuals who need to be regularly in touch with movements of the rice market but don’t require daily price updates and reports. Coverage includes Weekly Price Assessments and the supporting LRI Weekly and Monthly Reports. Upon accepting the appropriate license, users can download a CSV of the LRI Weekly Price History. The Professional Subscription allows limited web access for a Single User only.
A Rice Industry Overview: For individuals who have an interest in the rice market but only require an overview of monthly price fluctuations. Coverage includes a Monthly Price Summary and the supporting LRI Monthly Reports and timeline. The Basic Subscription allows restricted web access for a Single User only.
Benefits of an LRI Subscription
Price Assessments & Price Graphs:
Transparent, accurate and independent rice prices assessments:
LRI has published rice price assessments since May 2011, each assessment is supported by a distinct methodology. Subscribers can use our analytics tools to compare prices of multiple varieties of rice over time. Monitor spreads between different varieties and grades, assess annualised volatility, and determine the most competitive origin for supply.
Our continued attention to fine tuning our methodology and normalisation process, as well as ever expanding participation from the market, ensures our price assessments are increasingly robust and reliable. View our full methodology here.