Specifications Guide Global Rice Latest Update: February 2021

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Specifications Guide Global Rice Latest update: February 2021

Definitions of the trading locations for which Platts publishes indexes or assessments 2 Asia 5 Europe, the Middle East and Africa 12 Americas 14

Revision history 18

www.spglobal.com/platts Specifications Guide Global Rice: February 2021

DEFINITIONS OF THE TRADING LOCATIONS FOR WHICH PLATTS PUBLISHES INDEXES OR ASSESSMENTS

All the assessments listed here employ Platts Assessments Methodology, as published at https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology- specifications/platts-assessments-methodology-guide.pdf.

These guides are designed to give Platts subscribers as much information as possible about a wide range of methodology and specification questions.

This guide is current at the time of publication. Platts may issue further updates and enhancements to this guide and will announce these to subscribers through its usual publications of record. Such updates will be included in the next version of this guide. Platts editorial staff and managers are available to provide guidance when assessment issues require clarification.

The assessments listed in this guide reflect the prevailing market value of the specified product at the following times daily:

Asia – 11:30 GMT / BST

EMEA – 13:30 GMT / BST

Americas – 23:59 GMT /BST on the day prior to publication

Platts may take into account price information that varies from the specifications below. Where appropriate, contracts, offers and bids which vary from these specifications, will be normalized to the standards stated in this guide.

All other terms when not in contradiction with the below as per London Rice Brokers’ Association Standard Contract Terms (September 1997), amended 1 November, 2008. English law to apply.

Crop Transitions Platts price assessments will always reflect the current crop, unless specified. Because the timing of harvests can vary from one year to the next, the transition from one crop to the next will start as soon as the new crop is assessed as meeting Platts assessment principles. The transition from one crop to the next crop may have a significant impact on price assessments, so Platts will often use a phase-in period during which the new crop is given an increasing weighting in the assessment.

For example, on Vietnam 5% broken white rice, winter/spring crop normally becomes available towards the end of February or early March. As soon as Platts determines that the new crop price assessment is robust enough and meets Platts assessment principals, the transition window will start and run for a period of 10 working days.

On the first day of the transition window, Platts weighted assessment will reflect 1 day of new crop and 9 days of old crop (1:9), with new crop gaining increasing weighting in the assessment as each day passes. On day 10, the last day of the transition window, only new crop will be reflected in the price assessment (10:0). The same weighting approach will be applied to all transitions between crops. Platts will perform crop transitions for main season crops in all origins and reserves the right to conduct crop transitions for secondary and/or tertiary crops, if deemed necessary.

ASIA

Assessment UOM Code Volatility Frequency Incoterm Location Sortexing Quantity (mt) Page

Thailand Thai Long Grain White Rice 100% Grade B FOB USD/mt LRAAC00 RVAAC00 Daily FOB Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain White Rice 5% Broken FOB USD/mt LRABB00 RVABB00 Daily FOB Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain White Rice 10% Broken FOB USD/mt LRACA00 RVACA00 Daily FOB Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain White Rice 15% Broken FOB USD/mt LRADD00 RVADD00 Daily FOB Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain White Rice 25% Broken FOB USD/mt LRAEE00 RVAEE00 Daily FOB Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain White Rice A1 Super 100% Broken FOB USD/mt LRAFC00 RVAFC00 Daily FOB Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain Parboiled Milled Rice 100% STX FOB USD/mt LRAGC00 RVAGC00 Daily FOB Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain Fragrant Rice Hom Mali 100% Grade B FOB FCL USD/mt LRAKA00 RVAKA00 Daily FOB FCL Bangkok Yes 1,000-5,000 PAA2400 Thai Long Grain Parboiled Milled Rice 100% FOB USD/mt LRAHC00 RVAHC00 Weekly FOB Bangkok No 1,000-5,000 PAA2404 Thai Long Grain Parboiled Milled Rice 5% STX FOB USD/mt LRAIB00 RVAIB00 Weekly FOB Bangkok Yes 1,000-5,000 PAA2404 Thai Long Grain Parboiled Milled Rice 5% FOB USD/mt LRAJB00 RVAJB00 Weekly FOB Bangkok No 1,000-5,000 PAA2404 Thai Long Grain Fragrant Rice Hom Mali A1 Super 100% Broken FOB FCL USD/mt LRALA00 RVALA00 Weekly FOB FCL Bangkok Yes 1,000-5,000 PAA2404 Thai Long Grain Fragrant Rice Pathumthani 100% Grade B FOB FCL USD/mt LRAMC00 RVAMC00 Weekly FOB FCL Bangkok Yes 1,000-5,000 PAA2404 Thai Long Grain White Glutinous Rice 10% Broken FOB FCL USD/mt LRANC00 RVANC00 Weekly FOB FCL Bangkok Yes 1,000-5,000 PAA2404 Thailand Derivatives Thailand 5% Broken White Rice Derivatives Balance Month USD/mt LRABM00 Daily PAA3007 Thailand 5% Broken White Rice Derivatives Month 1 USD/mt LRABM01 Daily PAA3007 Thailand 5% Broken White Rice Derivatives Month 2 USD/mt LRABM02 Daily PAA3007 Thailand 5% Broken White Rice Derivatives Month 3 USD/mt LRABM03 Daily PAA3007 Thailand 5% Broken White Rice Derivatives Month 4 USD/mt LRABM04 Daily PAA3007 Thailand 5% Broken White Rice Derivatives Month 5 USD/mt LRABM05 Daily PAA3007 Thailand 5% Broken White Rice Derivatives Month 6 USD/mt LRABM06 Daily PAA3007 Vietnam Vietnam Long Grain White Rice 5% Broken FOB USD/mt LRBAB00 RVBAB00 Daily FOB Ho Chi Minh City Yes 1,000-5,000 PAA2400 Vietnam Long Grain White Rice 10% Broken FOB USD/mt LRBBA00 RVBBA00 Daily FOB Ho Chi Minh City Yes 1,000-5,000 PAA2400 Vietnam Long Grain White Rice 15% Broken FOB USD/mt LRBCD00 RVBCD00 Daily FOB Ho Chi Minh City Yes 1,000-5,000 PAA2400 Vietnam Long Grain White Rice 25% Broken FOB USD/mt LRBDE00 RVBDE00 Daily FOB Ho Chi Minh City Yes 1,000-5,000 PAA2400 Vietnam Long Grain White Rice 100% Broken FOB USD/mt LRBEC00 RVBEC00 Daily FOB Ho Chi Minh City Yes 1,000-5,000 PAA2400 Vietnam Long Grain Fragrant Rice 5% Broken FOB USD/mt LRBFA00 RVBFA00 Daily FOB Ho Chi Minh City Yes 500-5,000 PAA2400 Vietnam Long Grain White Glutinous Rice 10% Broken FOB FCL USD/mt LREAB00 RVEAB00 Weekly FOB FCL Ho Chi Minh City Yes 1,000-5,000 PAA2406 India India Long Grain White Rice 5% Broken FOB USD/mt LRCAB00 RVCAB00 Daily FOB Kakinada Yes 500-6,000 PAA2401 India Long Grain White Rice 25% Broken FOB USD/mt LRCBE00 RVCBE00 Daily FOB Kakinada No 500-6,000 PAA2401 India Long Grain White Rice 100% Broken FOB USD/mt LRCCC00 RVCCC00 Daily FOB Kakinada Yes 500-6,000 PAA2401

ASIA

Assessment UOM Code Volatility Frequency Incoterm Location Sortexing Quantity (mt) Page

India Long Grain Parboiled Milled Rice 5% STX FOB USD/mt LRCFG00 RVCFG00 Daily FOB Kakinada Yes 500-6,000 PAA2401 India Long Grain White Rice Swarna 5% Broken FOB USD/mt LRCDB00 RVCDB00 Weekly FOB Kakinada Yes 500-6,000 PAA2412 India Long Grain White Rice Sharbati 2% Broken FOB FCL USD/mt LRCEG00 RVCEG00 Weekly FOB FCL Mundra Yes 200-500 PAA2412 India Traditional White Basmati Rice 2% FOB FCL USD/mt LRCGG00 RVCGG00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 India Traditional Brown Basmati Rice 2% FOB FCL USD/mt LRCHG00 RVCHG00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 India Traditional Parboiled Milled Basmati Rice 2% FOB FCL USD/mt LRCIG00 RVCIG00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 India Pusa White Basmati Rice 2% FOB FCL USD/mt LRCJG00 RVCJG00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 India Pusa Brown Basmati Rice 2% FOB FCL USD/mt LRCKG00 RVCKG00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 India Pusa Parboiled Milled Basmati Rice 2% FOB FCL USD/mt LRCLG00 RVCLG00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 India 1121 White Basmati Rice 2% FOB FCL USD/mt LRCMG00 RVCMG00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 India 1121 Parboiled Milled Basmati Rice 2% FOB FCL USD/mt LRCNB00 RVCNB00 Weekly FOB FCL Mundra Yes 50-500 PAA2412 Pakistan Pakistan Long Grain White Rice 5% Broken FOB USD/mt LRDAB00 RVDAB00 Daily FOB Karachi Yes 1,000-5,000 PAA2401 Pakistan Long Grain White Rice 10% Broken FOB USD/mt LRDBA00 RVDBA00 Daily FOB Karachi Yes 1,000-5,000 PAA2401 Pakistan Long Grain White Rice 15% Broken FOB USD/mt LRDCD00 RVDCD00 Daily FOB Karachi Yes 1,000-5,000 PAA2401 Pakistan Long Grain White Rice 25% Broken FOB USD/mt LRDDE00 RVDDE00 Daily FOB Karachi Yes 1,000-5,000 PAA2401 Pakistan Long Grain White Rice 100% Broken FOB USD/mt LRDFG00 RVDFG00 Daily FOB Karachi Yes 1,000-5,000 PAA2401 Pakistan Long Grain Parboiled Milled Rice 5% Broken STX FOB USD/mt LRDGG00 RVDGG00 Daily FOB Karachi Yes 1,000-5,000 PAA2401 Pakistan Long Grain White Rice 386 2% Broken FOB FCL USD/mt LRDEC00 RVDEC00 Weekly FOB FCL Karachi Yes 200-500 PAA2412 Pakistan Long Grain Parboiled Milled Rice 15% Broken STX FOB USD/mt LRDHG00 RVDHG00 Weekly FOB Karachi Yes 1,000-5,000 PAA2412 Pakistan Super Kernel White Basmati Rice 2% FOB FCL USD/mt LRDIG00 RVDIG00 Weekly FOB FCL Karachi Yes 50-500 PAA2412 Pakistan Super Kernel Brown Basmati Rice 2% FOB FCL USD/mt LRDJG00 RVDJG00 Weekly FOB FCL Karachi Yes 50-500 PAA2412 Pakistan Super Kernel Parboiled Milled Basmati Rice 2% FOB FCL USD/mt LRDKG00 RVDKG00 Weekly FOB FCL Karachi Yes 50-500 PAA2412 Pakistan 1121 Steam Basmati Rice 2% FOB FCL USD/mt LRDLB00 RVDLB00 Weekly FOB FCL Karachi Yes 50-500 PAA2412 Pakistan 1121 Parboiled Milled Basmati Rice 2% FOB FCL USD/mt LRDMD00 RVDMD00 Weekly FOB FCL Karachi Yes 50-500 PAA2412 Cambodia Cambodia Long Grain Fragrant Rice Phka Malis 5% Broken STX FOB FCL USD/mt LREFB00 RVEFB00 Weekly FOB FCL Sihanoukville/Phnom Penh Yes 100-1,000 PAA2408 Cambodia Long Grain Fragrant Rice Sen Kra Ob 5% Broken STX FOB FCL USD/mt LREGB00 RVEGB00 Weekly FOB FCL Sihanoukville/Phnom Penh Yes 100-1,000 PAA2408 Cambodia Long Grain Fragrant Rice 100% Broken A1 Super FOB FCL USD/mt LREHC00 RVEHC00 Weekly FOB FCL Sihanoukville/Phnom Penh Yes 100-1,000 PAA2408 Myanmar Myanmar Long Grain White Rice 5% Broken FOB FCL USD/mt LRHAB00 RVHAB00 Weekly FOB FCL Yangon Yes 1,000-5,000 PAA2410 Myanmar Long Grain White Rice 25% Broken FOB USD/mt LRHBE00 RVHBE00 Weekly FOB Yangon Yes 1,000-5,000 PAA2410 Myanmar Long Grain White Rice B1 & B2 Broken FOB FCL USD/mt LRHCI00 RVHCI00 Weekly FOB FCL Yangon No 1,000-5,000 PAA2410 Myanmar Long Grain Parboiled Milled Rice 5% STX FOB FCL USD/mt LRHDB00 RVHDB00 Weekly FOB FCL Yangon Yes 1,000-5,000 PAA2410

Asia classified as brokens size 1; 0.0-0.5 brokens size 2; >C1-49.99% 0%-15% of whole kernels having average length of ≤6.2mm; of kernel classified as brokens size 2; 0.0-0.1 small brokens minimum milling degree well milled. C1; 0.25% max damaged kernels; 0.2% max yellow kernels; 6% Thailand max chalky kernels; 0.5% red and/or under milled kernels; max Thai Long Grain White Rice 15% Broken FOB Current crop. Weight, Quality, and Fumigation final at loading 0.2% underdeveloped kernels and foreign matter; max 1.5% Quality: min 55% whole kernels; max 28% head rice; 65% of as per certificates issued by a First Class Superintendent white glutinous rice; max 5 paddy grains/kg; max 14% moisture kernel classified as head rice; max 17% to be brokens and small Company. content; ≥40% of whole kernels having average length of brokens C1; 14.5-17.0 brokens size 1; 30.00%-64.99% of kernel >7.0mm; 55%-60% of whole kernels having average length of 6.2- classified as brokens size 1; 0-2 brokens size 2; >C1-29.99% Sortexing: All prices are for sortexed quality. 7.0mm; 0-5% of whole kernels having average length of ≤6.2mm; of kernel classified as brokens size 2; 0.0-0.5 small brokens minimum milling degree extra well milled. C1; 1% max damaged kernels; 1% max yellow kernels; 7% max Quantity: 1,000-5,000 mt, +/- 5% at seller’s option. chalky kernels; 5% red and/or under milled kernels; max 0.4% Thai Long Grain White Rice 5% Broken FOB underdeveloped kernels and foreign matter; max 2% white Packing: In new single white woven polypropylene bags each Quality: min 60% whole kernels; max 33% head rice; 75% glutinous rice; max 13 paddy grains/kg; max 14% moisture of 50kg net shipped weight, with buyer’s marks. Minimum tare of kernel classified as head rice; max 7% to be brokens and content; ≥5% of whole kernels having average length of >7.0mm; weight of 110g. 2% empty bags to be loaded at seller’s cost. small brokens C1; 6.4-7.0 brokens size 1; 35.00%-74.99% of 65%-95% of whole kernels having average length of 6.2-7.0mm; kernel classified as brokens size 1; 0.0-0.5 brokens size 2; 0%-30% of whole kernels having average length of ≤6.2mm; Basis: USD/mt net shipped weight FOB stowed and trimmed >C1-34.99% of kernel classified as brokens size 2; 0.0-0.1 minimum milling degree reasonably well milled. one safe berth, load port Bangkok, on conventional vessel. small brokens C1; 0.25% max damaged kernels; 0.5% max Fragrant and Glutinous rice basis USD/mt net shipped weight yellow kernels; 6% max chalky kernels; 2% red and/or under Thai Long Grain White Rice 25% Broken FOB FOB load port Bangkok in 20’ containers. milled kernels; max 0.3% underdeveloped kernels and foreign Quality: min 40% whole kernels; max 32% head rice; 50% of matter; max 1.5% white glutinous rice; max 8 paddy grains/ kernel classified as head rice; max 28% to be brokens and small Shipment period: 15-45 days after publication date. kg; max 14% moisture content; ≥20% of whole kernels having brokens C1; 26-28 brokens size 1; C1-49.99% of kernel classified average length of >7.0mm; 70-80% of whole kernels having as brokens size 1; 2 small brokens C1; 2% max damaged kernels; Payment: By confirmed irrevocable Letter of Credit payable average length of 6.2-7.0mm; 0%-10% of whole kernels having 1% max yellow kernels; 8% max chalky kernels; 7% red and/ at sight, opened by a prime international bank. Confirmation average length of ≤6.2mm; minimum milling degree well or under milled kernels; max 2% underdeveloped kernels and charges for buyer’s account. milled. foreign matter; max 2% white glutinous rice; max 20 paddy grains/kg; max 14% moisture content; ≥50% of whole kernels Documentation: Standard shipping documents. Thai Long Grain White Rice 10% Broken FOB having average length of >6.2mm; ≤50% of whole kernels having Quality: min 55% whole kernels; max 33% head rice; 70% of average length of ≤6.2mm; minimum milling degree ordinarily Load rate: 400 mt per hold / hatch basis max 2,000 mt per kernel classified as head rice; max 12% to be brokens and well milled. weather working day, (Sundays/holidays excluded unless used). small brokens C1; 11-12 brokens size 1; 35.00%-69.99% of kernel Fragrant and Glutinous rice load rate: 24 mt per FCL classified as brokens size 1; 0.0-0.7 brokens size 2; >C1-34.99% Thai Long Grain White Rice A1 Super 100% Broken FOB of kernel classified as brokens size 2; 0.0-0.3 small brokens Quality: max 5% small brokens C1; max 15% whole kernels and Insurance: For buyer’s account. C1; 0.50% max damaged kernels; 1% max yellow kernels; 7% parts ≥65% of kernel; min 80% parts smaller than 65% of the max chalky kernels; 2% red and/or under milled kernels; max kernel and not passing through sieve no.7; max 1.5% white or Thai Long Grain White Rice 100% Grade B FOB 0.4% underdeveloped kernels and foreign matter; max 1.5% white glutinous rice; max 0.5% small brokens C1; max 0.5% Quality: min 60% whole kernels; max 35.5% head rice; 80% of white glutinous rice; max 13 paddy grains/kg; max 14% moisture foreign matter; max 14% moisture content. kernel classified as head rice; max 4.5% to be brokens and small content; ≥10% of whole kernels having average length of >7.0mm; brokens C1; 3.9-4.5 brokens size 1; 50.00%-79.99% of kernel 75-90% of whole kernels having average length of 6.2-7.0mm;

Thai Long Grain Parboiled Milled Rice 100% STX FOB as brokens size 2; 0.0-0.1 small brokens C1; 1% max damaged Thai Long Grain Fragrant Rice Pathumthani 100% Grade B FOB Quality: min 80% whole kernels; max 16% head rice; 8% of kernels; 0.5% max yellow kernels; 1.0% red and/or under milled FCL (weekly) kernel classified as head rice; max 4% to be brokens and small kernels; max 0.2% underdeveloped kernels and foreign matter; Quality: min 60% whole kernels; max 35.5% head rice; max brokens C1; 3.4-4.0 brokens size 1; 50.00%-79.99% of kernel max 1.5% glutinous rice; max 0.15% black kernels; max 2.0% total 4.5% brokens and small brokens C1; 3.9-4.5 brokens size 1; classified as brokens size 1; 0.0-0.5 brokens size 2; >C1-49.99% partly black and peck kernels; max 0.75% partly black kernels; 50.00%-79.99% of kernel classified as brokens size 1; 0.0-0.5 of kernel classified as brokens size 2; 0.0-0.1 small brokens C1; max 5 paddy grains/kg; max 14% moisture content; I ≥45% of brokens size 2; >C1-49.99% of kernel classified as brokens size 1% max damaged kernels; 0.25% max yellow kernels ex; 0.5% whole kernels having average length of >6.60mm; 35-55% of 2; 0.0-0.1 small brokens C1; 0.25% max damaged kernels; 0.2% red and/or undermilled kernels; max 0.2% underdeveloped whole kernels having average length of 6.2-6.6mm; 0-20% of max yellow kernels; max 6% chalky kernels; 0.5% red and/or kernels and foreign matter; max 1.5% glutinous rice; max 0.1% whole kernels having average length of ≤6.2mm; minimum under milled kernels; max 0.2% underdeveloped kernels and black kernels; max 1.5% total partly black and peck kernels; milling degree extra well milled. foreign matter; max 1.5% glutinous rice; max 5 paddy grains/ max 0.5% partly black kernels; max 3 paddy grains/kg; max 14% kg; max 14% moisture content; min 80% purity; average length moisture content; ≥60% of whole kernels having average length Thai Long Grain Parboiled Milled Rice 5% FOB (weekly) of whole kernels min 7mm; minimum milling degree extra well of >6.60mm; 30-40% of whole kernels having average length Quality: min 80% whole kernels; max 13% head rice; 7.5% of milled. of 6.2-6.6mm; 0-10% of whole kernels having average length of kernel to be classified as head rice; max 7% to be brokens and ≤6.2mm; minimum milling degree extra well milled. small brokens C1; 6.4-7.0 brokens size 1; 35.00%-74.99% of kernel Thai Long Grain Fragrant Rice Hom Mali A1 Super 100% Broken required to be classified as brokens size 1; 0.0-0.5 brokens size FOB FCL (weekly) Thai Long Grain Parboiled Milled Rice 100% FOB (weekly) 2; >C1-34.99% of kernel required to be classified as brokens size Quality: max 5% small brokens C1; max 15% whole kernels and Quality: min 80% whole kernels; max 16% head rice; 8% of 2; 0.0-0.1 small brokens C1; 1% max damaged kernels; 1.0% max parts ≥65% of the kernel; min 80% parts <65% of the kernel and kernel to be classified as head rice; max 4% to be brokens yellow kernels; 1.0% red and/or under milled kernels; max 0.2% not passing through sieve no.7; max 1.5% total while rice or white and small brokens C1; 3.4-4.0 brokens size 1; 50.00%-79.99% underdeveloped kernels and foreign matter; max 1.5% glutinous glutinous rice; max 0.5% small brokens C1; max 0.5% foreign of kernel required to be classified as brokens size 1; 0.0-0.5 rice; max 0.25% black kernels; max 3.0% total partly black and matter; max 14% moisture content. brokens size 2; >C1-49.99% of kernel required to be classified peck kernels; max 1.5% partly black kernels; max 10 paddy as brokens size 2; 0.0-0.1 small brokens C1; 1% max damaged grains/kg; max 14% moisture content; I ≥45% of whole kernels Thai Long Grain White Glutinous Rice 10% Broken FOB FCL kernels; 0.5% max yellow kernels; 0.5% red and/or undermilled having average length of >6.60mm; 35-55% of whole kernels (weekly) kernels; max 0.2% underdeveloped kernels and foreign matter; having average length of 6.2-6.6mm; 0-20% of whole kernels Quality: min 55% whole kernels; max 33% head rice; 70% of max 1.5% glutinous rice; max 0.25% black kernels; max 2.5% having average length of ≤6.2mm; minimum milling degree extra kernel classified as head rice; max 12% of grain to be broken and total partly black and peck kernels; max 1% partly black kernels; well milled. small broken C1; 11%-12% broken size 1; 35.00%-69.99% of kernel max 5 paddy grains/kg; max 14% moisture content; ≥60% of classified as brokens Size 1; 0%-70% brokens Size 2; >C1-34.99% whole kernels having average length of >6.60mm; 30-40% of Thai Long Grain Fragrant Rice Hom Mali 100% Grade B FOB FCL of kernel classified as brokens Size 2; 0%-0.3% small brokens C1; whole kernels having average length of 6.2-6.6mm; 0-10% of Quality: min 60% whole kernels; max 35.5% head rice; max 4.5% max 0.5% Damaged Kernel; max 1.5% yellow kernels; max 2% red whole kernels having average length of ≤6.2mm; minimum brokens and small brokens C1; 3.9-4.5 brokens size 1; 50.00%- and/or under milled kernels; max 0.5% underdeveloped kernels milling degree extra well milled. 79.99% of kernel classified as brokens size 1; 0.0-0.5 brokens size and foreign matter; max 15% white rice; max 10 paddy grains/kg; 2; >C1-49.99% of kernel required to be classified as brokens size max 14% moisture content; minimum milling degree well milled. Thai Long Grain Parboiled Milled Rice 5% STX FOB (weekly) 2; 0.0-0.1 small brokens C1; 0.25% max damaged kernels; 0.2% Quality: min 80% whole kernels; max 13% head rice; 7.5% of max yellow kernels; max 3% chalky kernels ap; 0.5% red and/ Thai Long Grain White Rice 5% Broken FOB Derivatives kernel to be classified as head rice; max 7% to be brokens or under milled kernels; max 0.2% underdeveloped kernels and and small brokens C1; 6.4-7.0 brokens size 1; 35.00%-69.99% foreign matter; max 1% glutinous rice; max 5 paddy grains/kg; max Platts publishes Thai 5% Broken WR derivatives assessments of kernel required to be classified as brokens size 1; 0.0-0.5 14% moisture content; min 92% purity; average length of whole for a balance-of-month contract as well as six calendar brokens size 2; >C1-34.99% of kernel required to be classified kernels min 7mm; minimum milling degree extra well milled. months, with M1 being the first full calendar month ahead on

the date of publication. The assessments reflect an outright weather working day, (Sundays/holidays excluded unless used); (glutinous) kernels; max 0.3% immature and malformed kernels; price derivatives contract settling on the average of Platts except for Glutinous, which is 25 mt per FCL. max 0.2% impurities (foreign matter); max 25 paddy grains per assessments in the named month. The balance-of-month kg; max 14% moisture; minimum milling degree reasonably well assessment is published up to and including the 15th day of the Shipment period: 15-45 days after publication date. milled. month, in line with other Platts derivatives assessments. Payment: By confirmed irrevocable Letter of Credit payable Vietnam Long Grain White Rice 25% Broken FOB The new assessments are published using Platts Market on at sight, opened by a prime international bank. Confirmation Quality: min 40% whole kernels; max 35% head rice; 25%-50% Close assessment methodology, prioritizing bids, offers, and charges for buyer’s account. of whole kernel classified as broken rice; 25% ±2 total broken trades in the Thai 5% derivatives market. Additionally, when rice; max 2% small broken; max 7% red streaked kernels and required, information from other related markets may be Documentation: Standard shipping documents. under milled kernels; max 1.5% yellow kernels; max 8% chalky considered, including historical spot price trends, extrapolated kernels; max 2% damaged kernels; max 2% waxy (glutinous) using a proprietary S&P Global Platts Analytics model. Insurance: For buyer’s account. kernels; max 1.5% immature and malformed kernels; max 0.5% impurities (foreign matter); max 30 paddy grains per kg; max Vietnam Long Grain White Rice 5% Broken FOB 14.5% moisture; minimum milling degree ordinary milled. Vietnam Quality: min 60% whole kernels; max 35% head rice; 35%-75% of Variety: 5% - 25% Broken: IR 50404; 100% Broken: Blend of whole kernel classified as broken rice; 5% ±2 total broken rice; Vietnam Long Grain White Rice 100% Broken FOB available of long grain varieties. Fragrant 5% broken: Dai Thom 8 max 0.2% small broken; max 2% red streaked kernels and under Quality: 1% whole kernels 10/10 (max); 4% broken 8/10-10/10 (DT8); KDM Fragrant 5% broken: KDM; Glutinous: Long An. milled kernels; max 0.5% yellow kernels; max 6% chalky kernels; (max); 15% broken 6.5/10-8/10 (max); 75% broken 3/10-6.5/10 max 1% damaged kernels; max 1.5% waxy (glutinous) kernels; (min); 5% small broken (max); max 10% chalky kernels; max 2.5% Sortexing: All prices are for sortexed quality. max 0.2% immature and malformed kernels; max 0.1% impurities waxy (glutinous) kernels; max 15% moisture; minimum milling (foreign matter); max 15 paddy grains per kg; max 14% moisture; degree ordinary milled. Current crop. Weight, Quality and Fumigation final at loading minimum milling degree well milled. as per certificates issued by a First Class Superintendence Vietnam Long Grain Fragrant Rice 5% Broken FOB Company. Vietnam Long Grain White Rice 10% Broken FOB Quality: min 95% whole kernels and head rice; max 5% broken Quality: min 55% whole kernels; max 35% head rice; 35%-70% rice; max 0.5% red streaked kernels and under milled kernels; Quantity: 1,000-5,000 mt +/- 5% at seller’s option, except for of whole kernel classified as broken rice; 10% ±2 total broken max 0.5% yellow kernels; max 3% chalky kernels; max 0.5% Long Grain Fragrant Rice 5% Broken FOB which is 500-5,000 mt rice; max 0.3% small broken; max 2% red streaked kernels and damaged kernels; max 0.1% impurities (foreign matter); max 5 +/- 5% at seller’s option. under milled kernels; max 1% yellow kernels; max 7% chalky paddy grains/kg; max 14% moisture; minimum milling degree kernels; max 1.25% damaged kernels; max 1.5% waxy (glutinous) well milled; min 80% purity. Packing: In new single white woven polypropylene bags each kernels; max 0.2% immature and malformed kernels; max 0.2% of 50kg net shipped weight, with buyer’s marks. Minimum tare impurities (foreign matter); max 20 paddy grains per kg; max 14% Vietnam Long Grain White Glutinous Rice 10% Broken FOB FCL weight of 130g. 2% empty bags to be loaded at seller’s cost. moisture; minimum milling degree well milled. (weekly) Quality: min 55% whole kernels; max 35% head rice; 35%-70% Basis: USD/mt net shipped weight FOB stowed and trimmed Vietnam Long Grain White Rice 15% Broken FOB of whole kernel classified as broken rice; 12% total broken rice; one safe berth, load port Ho Chi Minh City, basis conventional Quality: min 50% whole kernels; max 35% head rice; 35%-65% max 0.3% small broken; max 2% red streaked kernels and under vessel; except for Glutinous, which is USD/mt net shipped of whole kernel required classified as broken rice; 15% ±2 total milled kernels; max 1% yellow kernels; max 3% foreign grains; weight FOB, load port Ho Chi Minh City, in 20’ containers. broken rice; max 0.5% small broken; max 5% red streaked max 1.25% damaged kernels; max 4% immature and malformed kernels and under milled kernels; max 1.25% yellow kernels; max kernels; max 15% white rice kernels; max 10% impurities Load rate: 400 mt per hold / hatch basis max 2,000 mt per 7% chalky kernels; max 1.5% damaged kernels; max 2% waxy (foreign matter); max 10 paddy grains per kg; max 14% moisture;

minimum milling degree well milled. Documentation: Standard shipping documents. Insurance: For kernels per kg; 5mm min average grain length; minimum milling buyer’s account. degree well milled. India Normalisation: Where appropriate, contracts, offers and bids India Long Grain White Rice Sharbati 2% Broken FOB FCL Variety: 5% and 25% broken white rice and Parboiled 5% STX which vary from the above quality and terms, will be normalised (weekly) are assessed based on IR 36 and IR 64 varieties and 100% to this standard. Quality: max 14% moisture content; max 0.5% damaged and broken white rice is assessed based on available long grain discoloured; max 5% chalky kernels; max 1% red and red- varieties. Traditional White, Brown and Parboiled are assessed India Long Grain White Rice 5% Broken FOB streaked kernels; max 0.2% foreign matter; max 10 paddy based on HBC-19; 1121 White and Parboiled are assessed based Quality: max 14% moisture content; max 1% damaged and kernels per kg; 6.8mm min average grain length; minimum on Pusa Basmati 1121. discoloured; max 5% chalky kernels; max 1% red and red- milling degree well milled. streaked kernels; max 0.5% foreign matter; max 10 paddy Sortexing: Prices are for sortexed quality, except for 25% broken kernels per kg; 6mm min average grain length; minimum milling India Traditional White Basmati Rice 2% FOB FCL (weekly) white rice, which is non-sortexed. degree well milled. Quality: average 7.4mm pre-cook length; min 3.5 L/B ratio; max 14% moisture content; max 0.5% damaged kernels; max 3% Current crop. Weight, Quality, and Fumigation final at loading India Long Grain White Rice 25% Broken FOB chalky grain and black kernels; max 2% broken and fragments; as per certificates issued by a First Class Superintendent Quality: max 14% moisture content; max 2% damaged and max 0.1% foreign matter; max 0.1% other grains; max 5% other Company. discoloured; max 8% chalky kernels; max 2% red and red- rice varieties; max 2% under milled and red striped; max 0.1% streaked kernels; max 2% foreign matter; max 20 paddy kernels paddy grains; min 1.7 elongation ratio; milling degree extra well Quantity: 500-6,000 mt +/- 5% at seller’s option for all varieties per kg; 6mm min average grain length; minimum milling degree milled. apart from Sharbati, which is 200-500 mt +/- 5% at seller’s reasonably well milled. option and Basmati, which is 50-500 mt +/- 5% at seller’s option. India Traditional Brown Basmati Rice 2% FOB FCL (weekly) India Long Grain White Rice 100% Broken FOB Quality: average 7.4mm pre-cook length; min 3.5 L/B ratio; max Packing: In new single white woven polypropylene bags each Quality: max 14% moisture content; max 2% damaged and 14% moisture content; max 0.5% damaged kernels; max 3% chalky of 50kg net shipped weight, with buyer’s marks. Minimum tare discoloured; max 8% chalky kernels; max 2% red and red- grain and black kernels; max 2% broken and fragments; max 0.2% weight of 110g. 2% empty bags to be loaded at seller’s cost. streaked kernels; max 2% foreign matter; max 20 paddy kernels foreign matter; max 0.1% other grains; max 5% other rice varieties; 100% broken white rice is loose in bulk. per kg; max 15% broken kernels up to 1.25mm; min 85% broken max 2% under milled and red striped; max 0.2% paddy grains; min kernels greater than 1.25mm; max 5% whole grain kernels. 1.7 elongation ratio; milling degree extra well milled. Basis: USD/mt net shipped weight FOB stowed and trimmed one safe berth, load port Kakinada, basis conventional vessel for India Long Grain Parboiled Milled Rice 5% STX FOB India Traditional Parboiled Milled Basmati Rice 2% FOB FCL all varieties apart from Sharbati, which is USD/mt net shipped Quality: max 14% moisture content; max 2% damaged and (weekly) weight FOB load port Mundra in 20’ containers and Basmati, discoloured; max 0.5% peck; max 1% red and red-streaked Quality: average 7.4mm pre-cook length; min 3.5 L/B ratio; max which is USD/mt net shipped weight FOB, load port Mundra, in kernels; max 0.5% foreign matter; max 10 paddy kernels per kg; 14% moisture content; max 0.5% damaged kernels; max 0.1% 20’ containers. 6mm min average grain length; minimum milling degree well chalky grain and black kernels; max 2% broken and fragments; milled. max 0.1% foreign matter; max 0.1% other grains; max 5% other Shipment period: 15 - 45 days after publication date. rice varieties; max 2% under milled and red striped; max 0.1% India Long Grain White Rice Swarna 5% Broken FOB (weekly) paddy grains; min 1.5 elongation ratio; milling degree extra well Payment: By confirmed irrevocable Letter of Credit payable Quality: max 14% moisture content; max 1% damaged and milled. at sight, opened by a prime international bank. Confirmation discoloured; max 5% chalky kernels; max 1% red and red- charges for buyer’s account. streaked kernels; max 0.5% foreign matter; max 10 paddy

India Pusa White Basmati Rice 2% FOB FCL (weekly) chalky grain and black kernels; max 2% broken and fragments; Prices are excluding Terminal Handling Charges (THC). Quality: average 7.2mm pre-cook length; min 3.5 L/B ratio; max max 0.1% foreign matter; max 0.1% other grains; max 5% other 14% moisture content; max 0.5% damaged kernels; max 3% rice varieties; max 2% under milled and red striped; max 0.1% Shipment period: 15-45 days after publication date. chalky grain and black kernels; max 2% broken and fragments; paddy grains; min 1.5 elongation ratio; milling degree extra well max 0.1% foreign matter; max 0.1% other grains; max 5% other milled. Payment: By confirmed irrevocable Letter of Credit payable rice varieties; max 2% under milled and red striped; max 0.1% at sight, opened by a prime international bank. Confirmation paddy grains; min 1.7 elongation ratio; milling degree extra well charges for buyer’s account. Pakistan milled. Variety: 5% - 100% Broken White and Parboiled Rice: IRRI-6; 386 Documentation: Standard shipping documents. Insurance: For India Pusa Brown Basmati Rice 2% FOB FCL (weekly) 2% Broken Rice: Lal (red). Basmati 1121 Steam and Parboiled buyer’s account. Quality: average 7.2mm pre-cook length; min 3.5 L/B ratio; max variety is Pusa Basmati 1121. 14% moisture content; max 0.5% damaged kernels; max 3% Pakistan Long Grain White Rice 5% Broken FOB chalky grain and black kernels; max 2% broken and fragments; Sortexing: All prices are for sortexed and double polished Quality: max 14% moisture content; max 1.5% damaged and max 0.2% foreign matter; max 0.1% other grains; max 5% other quality, except for 25% broken white rice which is regular yellow kernels; max 5% broken grains; max 2% chalky and rice varieties; max 2% under milled and red striped; max 0.2% polished. immature kernels; max 2% contrasting variety; max 0.5% foreign paddy grains; min 1.7 elongation ratio; milling degree extra well grains; max 0.5% foreign matter; max 1 paddy grain per 100 milled. Current crop. Weight, Quality, and Fumigation final at loading grains; max 1% red rice; max 1% under milled and red striped; as per certificates issued by a First Class Superintendence minimum milling degree well milled; min 40 Kett; average 6mm India Pusa Parboiled Milled Basmati Rice 2% FOB FCL (weekly) Company. grain length of head rice. Quality: average 7.2mm pre-cook length; min 3.5 L/B ration; max 14% moisture content; max 0.5% damaged kernels; max 0.1% Quantity: 1,000-5,000 mt +/- 5% at seller’s option except 386, Pakistan Long Grain White Rice 10% Broken FOB chalky grain and black kernels; max 2% broken and fragments; which is 200-500 mt +/- 5% at seller’s option and Basmati, Quality: max 14% moisture content; max 2.5% damaged and max 0.1% foreign matter; max 0.1% other grains; max 5% other which is 50-500 mt +/- 5% at seller’s option. yellow kernels; max 10% broken grains; max 4% chalky and rice varieties; max 2% under milled and red striped; max 0.1% immature kernels; max 4% contrasting variety; max 1% foreign paddy grains; min 1.5 elongation ration; extra well milled. Packing: In new single white woven polypropylene bags each grains; max 0.8% foreign matter; max 3 paddy grains per 100 of 50kg net shipped weight, with buyer’s marks. Minimum tare grains; max 1% red rice; max 2% under milled and red striped; India 1121 White Basmati Rice 2% FOB FCL (weekly) weight of 110g. Except Super Kernel Brown, which is packed in minimum milling degree well milled; min 40 Kett; average 6mm Quality: average 8mm pre-cook length; min 3.5 L/B ratio; max bulk in lined containers. grain length of head rice. 14% moisture content; max 0.5% damaged kernels; max 3% chalky grain and black kernels; max 2% broken and fragments; Basis: IRRI-6: USD/mt net shipped weight FOB stowed and Pakistan Long Grain White Rice 15% Broken FOB max 0.1% foreign matter; max 0.1% other grains; max 5% other trimmed one safe berth, load port Karachi, basis conventional Quality: max 14% moisture content; max 3% damaged and rice varieties; max 2% under milled and red striped; max 0.1% vessel. 386: USD/mt net shipped weight FOB, load port Karachi, yellow kernels; max 15% broken grains; max 6% chalky and paddy grains; min 1.7 elongation ratio; milling degree extra well in 20’ containers. Basmati: USD/mt net shipped weight FOB, load immature kernels; max 6% contrasting variety; max 1.5% foreign milled. port Karachi, in 20’ containers. grains; max 1% foreign matter; max 5 paddy grains per 100 grains; max 2% red rice; max 2.5% under milled and red striped; India 1121 Parboiled Milled Basmati Rice 2% FOB FCL (weekly) Load rate: IRRI-6: 300 mt per hold / hatch basis max. 2,000 mt minimum milling degree well milled; min 40 Kett; average 6mm Quality: average 8mm pre-cook length; min 3.5 L/B ratio; max per weather working day, (Sundays/holidays excluded unless grain length of head rice. 14% moisture content; max 0.5% damaged kernels; max 0.1% used). 386: 24 mt per FCL. Basmati: 24 mt per FCL.

Pakistan Long Grain White Rice 25% Broken FOB grains; max 2% undermilled and red striped; minimum milling Pakistan 1121 Parboiled Milled Basmati Rice 2% FOB FCL Quality: max 14% moisture content; max 4% damaged and degree well milled; min 40 Kett; average 6.8mm grain length of (weekly) yellow kernels; max 25% broken grains; max 10% chalky and head rice. Quality: max 13% moisture content; max 0.5% damaged and immature kernels; max 9% contrasting variety; max 2.5% foreign yellow kernels; max 2% broken grains; max 4% chalky grains; grains; max 1.2% foreign matter; max 5 paddy grains per 100 Pakistan Super Kernel White Basmati Rice 2% FOB FCL max 7% contrasting variety; max 0.05% foreign grains; max grains; max 3% red rice; max 3% under milled and red striped; (weekly) 0.05% foreign matter; max 0.05 paddy grains per 100 grains; minimum milling degree reasonably well milled; min 35 Kett; Quality: max 14% moisture content; max 5% broken grains; max max 0.5% red rice; max 0.5% green grains; max 1% under milled average 6mm grain length of head rice. 4% chalky grains; max 3% contrasting variety; max 7% foreign grains; minimum milling degree very well milled; min 38 Kett; grains; max 0.5% foreign matter; max 0.1 paddy grains per 100 average 8mm grain length of head rice. Pakistan Long Grain White Rice 100% Broken FOB grains; max 0.1% red rice; max 2% green grains; minimum milling Quality: max 14% moisture content; max 10% damaged and degree very well milled; min 38 Kett; average 7.2mm grain length Cambodia yellow kernels; max 100% broken grains; max 20% chalky and of head rice. immature kernels; max 4% foreign grains; max 2% foreign Quality: As per Institute of Standards of Cambodia matter; max 5 paddy grains per 100 grains; max 6% red rice; Pakistan Super Kernel Brown Basmati Rice 2% FOB FCL specifications for fragrant rice. minimum milling degree well milled. (weekly) Quality: max 14% moisture content; max 0.5% damaged and Sortexing: All prices are for sortexed quality. Pakistan Long Grain Parboiled Milled Rice 5% Broken STX FOB yellow kernels; max 3% broken grains; max 4% chalky grains; Quality: max 14% moisture content; max 1.5% damaged and max 5% contrasting variety; max 0.1% foreign grains; max 0.2% Current crop. Weight, Quality, and Fumigation final at loading yellow kernels; max 5% broken grains; max 2% ungelatinised foreign matter; max 0.3 paddy grains per 100 grains; max 1% red as per certificates issued by a First Class Superintendent kernels; max 0.5% foreign grains; max 0.5% foreign matter; max rice; max 3% green grains; average 7.2mm grain length of head Company. 1 paddy grain per 100 grains; max 1% red striped kernels; max 1% rice. under milled grains; minimum milling degree well milled; average Quantity: 100-1,000 mt +/- 5% at seller’s option. 6.0mm grain length of head rice. Pakistan Super Kernel Parboiled Milled Basmati Rice 2% FOB FCL (weekly) Packing: In new single white woven polypropylene bags each Pakistan Long Grain Parboiled Milled Rice 15% Broken STX FOB Quality: max 14% moisture content; max 1% damaged and yellow of 50kg net shipped weight, with buyer’s marks. Minimum tare (weekly) kernels; max 4% broken grains; max 1% chalky grains; max 7% weight of 110g. Quality: max 14% moisture content; max 3% damaged and contrasting variety; max 0.05% foreign grains; max 0.1% foreign yellow kernels; max 15% broken grains; max 6% ungelatinised matter; max 0.1 paddy grains per 100 grains; max 2% under Basis: USD/mt net shipped weight FOB, load port Sihanoukville kernels; max 1.5% foreign grains; max 1% foreign matter; max 5 milled grain; minimum milling degree very well milled; average or Phnom Penh, in 20’ containers. paddy grain per 100 grains; max 1.5% red striped kernels; max 7.2mm grain length of head rice. 2.5% under milled grains; minimum milling degree well milled; Load Rate: 24 mt per FCL. average 6.0mm grain length of head rice. Pakistan 1121 Steam Basmati Rice 2% FOB FCL (weekly) Quality: max 13% moisture content; max 0.5% damaged and Shipment period: 15-45 days after publication date. Pakistan Long Grain White Rice 386 2% Broken FOB FCL yellow kernels; max 2% broken grains; max 2% ungelatinised (weekly) kernels; max 3% chalky grains; max 7% contrasting variety; max Payment: By confirmed irrevocable Letter of Credit payable Quality: max 14% moisture content; max 1.5% damaged and 0.5% red rice; max 0.5% under milled grains; minimum milling at sight, opened by a prime international bank. Confirmation yellow kernels; max 2% broken grains; max 3% chalky and degree very well milled; min 38 Kett; average 8mm grain length charges for buyer’s account. immature kernels; max 7% contrasting variety; max 0.5% foreign of head rice. grains; max 0.5% foreign matter; max 0.2 paddy grains per 100 Documentation: Standard shipping documents (+ Eur1/

Certificate of origin for E.U. shipments). Company. kernels; max 0.5% yellow kernels (first half of the year); max 1% yellow kernels (second half of the year); max 6% chalky Insurance: For buyer’s account. Quantity: 1,000-5,000 mt +/- 5% at seller’s option. kernels; max 2% red and red streaked kernels; max 0.5% foreign matter max 3% foreign kernels; max 22-33 paddy Cambodia Long Grain Fragrant Rice Phka Malis 5% Broken STX Packing: In new single white woven polypropylene bags each grains/kg; min 6mm average grain length; milling degree well FOB FCL (weekly) of 50kg net shipped weight, with buyer’s marks. Minimum tare milled. Quality: ≥60% whole kernels; ≤32.8% head rice; brokens ≤7%; weight of 110g. 2% empty bags to be loaded at seller’s cost. small brokens ≤0.2%; max 1% damaged kernels; max 0.3% Myanmar Long Grain White Rice 25% Broken FOB (weekly) foreign matter; max 0.5% yellow kernels; max 5% chalky kernels; Basis: USD/mt net shipped weight FOB stowed and trimmed Quality: min 75% whole kernels and head rice; 25% total max 2.5% red streaked kernels; max 1 paddy grain/kg; ≥85% purity. one safe berth, load port Yangon, basis conventional vessel for big broken and broken; 25% broken rice between 25%- 25% Broken. USD/mt net shipped weight FOB, load port Yangon, 60% of whole kernel; max 14% moisture content; max 3% Cambodia Long Grain Fragrant Rice Sen Kra Ob 5% Broken STX in 20’ containers for 5% Broken, B1 & B2 Broken and Parboiled damaged kernels; max 1% yellow kernels (first half of the FOB FCL (weekly) 5% STX. year); max 2% yellow kernels (second half of the year); max Quality: ≥60% whole kernels; ≤32.8% head rice; brokens ≤7%; 8% chalky kernels; max 3% red and red streaked kernels; small brokens ≤0.2%; max 1% damaged kernels; max 0.3% Load rate: 400 mt per hold/ hatch basis max 2,000 mt per max 1% foreign matter max 5% foreign kernels; max 4 paddy foreign matter; max 0.5% yellow kernels; max 5% chalky kernels; weather working day, (Sundays/holidays excluded unless used) grains/100cc; min 6mm average grain length; milling degree max 2.5% red streaked kernels; max 1 paddy grain/kg; ≥85% for 25% Broken. 25 mt per FCL for 5% Broken, B1 & B2 Broken reasonably well milled. purity. and Parboiled 5% STX. Myanmar Long Grain White Rice B1 & B2 Broken FOB FCL Cambodia Long Grain Fragrant Rice 100% Broken A1 Super FOB Shipment period: 15-45 days after publication date. (weekly) FCL (weekly) Quality: 50% of No.1 (<0.091 inch - ≥0.085 inch); 50% of No.2 Quality: ≤15% whole kernels and head rice; brokens ≥80%; small Payment: By confirmed irrevocable Letter of Credit payable at (<0.085 inch - ≥0.069 inch); defect not exceeding 5% lesser brokens ≤5%; damaged kernels ≤0.2%; yellow kernels ≤0.2%; sight, opened by prime international bank. Confirmation charges grades; defect not exceeding 1% point and dusts; defect not chalky kernels ≤2%; immature kernels ≤0.05%. for buyer’s account. exceeding 2% yellow content.

Documentation: Standard shipping documents. Myanmar Long Grain Parboiled Milled Rice 5% STX FOB FCL Myanmar (weekly) Variety: Emata. Insurance: For buyer’s account. Quality: min 95% whole kernels and head rice; 5% broken rice between 33%-75% of whole kernel; max 14% moisture content; Sortexing: Prices are for sortexed quality, except for B1 & B2 Myanmar Long Grain White Rice 5% Broken FOB FCL (weekly) max 2% damaged kernels; max 0.75% foreign matter; max 3% Broken. Quality: min 80% whole kernels and head rice; 20% total big foreign kernels; max 10 paddy grains/100cc; min 6mm average broken and broken; 13%-17% big broken rice between 50%- grain length; milling degree well milled. Current crop. Weight, Quality, and Fumigation final at loading 75% of whole kernel; 3%-7% broken rice between 33%-50% as per certificates issued by a First Class Superintendent of whole kernel; max 14% moisture content; max 2% damaged

EUROPE, THE MIDDLE EAST AND AFRICA

Assessment UOM Code Volatility Frequency Incoterm Location Sortexing Quantity (mt) Page

Egypt Egypt White Rice Medium Grain #2 5% Broken FOB FCL USD/mt LRFAB00 RVFAB00 N/A FOB FCL Alexandria Not specified 100-1,000 N/A Egypt White Rice Medium Grain #3 10% Broken FOB FCL USD/mt LRFBA00 RVFBA00 N/A FOB FCL Alexandria Not specified 100-1,000 N/A Egypt White Rice Round Grain #2 5% Broken FOB FCL USD/mt LRFCB00 RVFCB00 N/A FOB FCL Alexandria Not specified 100-1,000 N/A Egypt White Rice Round Grain #3 10% Broken FOB FCL USD/mt LRFDA00 RVFDA00 N/A FOB FCL Alexandria Not specified 100-1,000 N/A Egypt White Rice 100% Broken Grade 0 FOB FCL USD/mt LRFEC00 RVFEC00 N/A FOB FCL Alexandria Not specified 100-1,000 N/A Italy Italy White Rice Indica 5% Broken ex-works Eur/mt LRLBB00 RVLBB00 Weekly Ex-works Northern Italy Yes 100-1,000 PAA1614 Italy White Rice Arborio 5% Broken ex-works Eur/mt LRLCB00 RVLCB00 Weekly Ex-works Northern Italy Yes 100-1,000 PAA1614

Europe, the Middle East and Africa Shipment period: 15-45 days after publication date. Egypt White Rice Round Grain #2 5% Broken FOB FCL (weekly) Quality: max 14% moisture content; max 2% red kernels; max Payment: By confirmed irrevocable Letter of Credit payable at 0.5% damaged kernels; max 2.5% immature kernels; max 0.5% Egyptian White Rice sight, opened by prime international bank. Confirmation charges yellow kernels; max 3% chalky kernels; max 0.1% foreign matter; The five Platts assessments of Egyptian White Rice are currently for buyer’s account. max 0% paddy kernels; minimum milling degree well milled. suspended due to a moratorium on rice exports by the state of Egypt, originally introduced in April 2016 for whole grain rice and Documentation: Standard shipping documents. Egypt White Rice Round Grain #3 10% Broken FOB FCL (weekly) in August 2016 for broken rice. Quality: max 14% moisture content; max 2.5% red kernels; Insurance: For buyer’s account. max 1% damaged kernels; max 3.5% immature kernels; max 1% Current crop. Weight, Quality, and Fumigation final at loading yellow kernels; max 4% chalky kernels; max 0.2% foreign matter; as per certificates issued by a First Class Superintendent Egypt White Rice Medium Grain #2 5% Broken FOB FCL max 0.3% paddy kernels; minimum milling degree well milled. Company. (weekly) Quality: max 14% moisture content; max 2% red kernels; max Egypt White Rice 100% Broken Grade 0 FOB FCL (weekly) Quantity: 100-1,000 mt +/- 5% at seller’s option. 0.5% damaged kernels; max 2.5% immature kernels; max 0.5% Quality: max 14% moisture content; max 2% red kernels; max 1% yellow kernels; max 3% chalky kernels; max 0.1% foreign matter; yellow kernels; max 8% chalky kernels; max 0.2% foreign matter; Packing: In new single white woven polypropylene bags each max 0% paddy kernels; minimum milling degree well milled. max 0.15% paddy kernels; minimum milling degree well milled. of 50kg net shipped weight, with buyer’s marks. Minimum tare weight of 110g. Brokens loaded bulk in lined containers. Egypt White Rice Medium Grain #3 10% Broken FOB FCL (weekly) Italian White Rice Basis: USD/mt net shipped weight FOB, load port Alexandria, in Quality: max 14% moisture content; max 2.5% red kernels; Sortexing: All prices are for sortexed quality. containers. max 1% damaged kernels; max 3.5% immature kernels; max 1% yellow kernels; max 4% chalky kernels; max 0.2% foreign matter; Current crop. Weight, Quality, and Fumigation final at loading Load rate: 25 mt per FCL. max 0.02% paddy kernels; minimum milling degree well milled. as per certificates issued by a First Class Superintendent Company.

Quantity: 100-1,000 mt +/- 5 % at seller’s option. Payment: By confirmed irrevocable Letter of Credit payable at spotted kernels; max 5% red streaked kernels; max 5 paddy sight, opened by prime international bank. Confirmation charges grains/kg; max 14.5% moisture content; milling degree 60/72; Packing: In new single white woven polypropylene bags each for buyer’s account. min length 6mm. of 50kg net shipped weight, with buyer’s marks. Minimum tare weight of 110g. Documentation: Standard shipping documents. Italy White Rice Arborio 5% Broken ex-works (weekly) Quality: min 58% whole kernels; max 37% head rice; max 5% Basis: Eur/mt ex-works packed in bulk on trucks. Insurance: For buyer’s account. brokens; max 1% foreign matter; max 0.175% yellow kernels; max 0.5% amber kernels; max 4% chalky kernels; max 2.75% stained/ Load rate: 30 mt per truck (max.). Italy White Rice Indica 5% Broken ex-works (weekly) spotted kernels; max 5% red streaked kernels; max 5 paddy Quality: min 60% whole kernels; max 35% head rice; max 5% grains/kg; max 14.5% moisture content; milling degree 58/72; Shipment period: 15-45 days after publication date. brokens; max 1% foreign matter; max 0.175% yellow kernels; max min length 6mm. 0.5% amber kernels; max 4% chalky kernels; max 2.75% stained/

AMERICAS

Assessment UOM Code Volatility Frequency Incoterm Location Sortexing Quantity (mt) Page

United States US Gulf Long Grain Rice #2 4% Broken Hard Milled FOB bulk NOLA USD/mt LRIBH00 RVIBH00 Daily FOB bulk New Orleans Yes ≥25,000 PAA601 US Gulf Long Grain Rice #2 Paddy 55/70 Yield FOB bulk NOLA USD/mt LRIFI00 RVIFI00 Daily FOB bulk New Orleans Yes 5,000-10,000 PAA601 US Gulf Long Grain Rice Southern Pet Food Quality Broken ex-works USD/mt LRIHI00 RVIHI00 Daily Ex-works N/A Yes 1,000-3,000 PAA601 US Californian Medium Grain Rice #1 4% Broken FAS FCL Oakland USD/mt LRIIH00 RVIIH00 Daily FAS FCL Oakland Yes 500-5,000 PAA601 US Californian Medium Grain Rice #1 Paddy 58/69 Yield ex-works USD/mt LRIJI00 RVIJI00 Daily Ex-works N/A Yes 500-5,000 PAA601 US Gulf Long Grain Rice #2 4% Broken Hard Milled FOB Lake Charles USD/mt LRIAH00 RVIAH00 Weekly FOB Lake Charles Yes 5,000-10,000 PAA602 US Gulf Long Grain Rice #3 15% Broken Hard Milled FOB bulk NOLA USD/mt LRICD00 RVICD00 Weekly FOB bulk New Orleans Yes 5,000-10,000 PAA602 US Gulf Long Grain Rice #5 20% Broken Hard Milled FOB Lake Charles USD/mt LRIDF00 RVIDF00 Weekly FOB Lake Charles Yes 5,000-10,000 PAA602 US Gulf Long Grain Rice #1 Parboiled Milled 4% Broken FOB bulk NOLA USD/mt LRIEH00 RVIEH00 Weekly FOB bulk New Orleans Yes 5,000-10,000 PAA602 US Gulf Long Grain Rice Southern Flour Quality Broken ex-works USD/mt LRIGI00 RVIGI00 Weekly Ex-works N/A Yes 1,000-3,000 PAA602 Brazil Brazil Long Grain White Rice 5% Broken FOB FCL USD/mt LRGAB00 RVGAB00 Daily FOB FCL Rio Grande Yes 500-3,000 PAA601 Brazil Long Grain White Rice 100% Broken (1/2 Grain Brokens) FOB USD/mt LRGBC00 RVGBC00 Daily FOB Rio Grande Yes 500-3,000 PAA601 Brazil Long Grain Parboiled Milled Rice 5% Broken STX FOB FCL USD/mt LRGCB00 RVGCB00 Daily FOB FCL Rio Grande Yes 500-3,000 PAA601 Uruguay Uruguay Long Grain White Rice 5% Broken FOB FCL USD/mt LRJAB00 LRJAB00 Daily FOB FCL Montevideo Yes 500-3,000 PAA601 Uruguay Long Grain Parboiled Milled Rice 5% Broken STX FOB FCL USD/mt LRJCB00 LRJCB00 Daily FOB FCL Montevideo Yes 500-3,000 PAA601 Uruguay Long Grain White Rice Olimar 5% Broken FOB FCL USD/mt LRJBB00 LRJBB00 Weekly FOB FCL Montevideo Yes 500-3,000 PAA604 Argentina Argentina Long Grain White Rice 5% Broken FOB FCL USD/mt LRKAB00 LRKAB00 Daily FOB FCL Buenos Aires Yes 500-3,000 PAA601 Paraguay Paraguay Long Grain White Rice 5% Broken FOB FCL USD/mt LRLAB00 LRLAB00 Weekly FOB FCL Asunción Yes 500-3,000 PAA604

Americas milled rice: 5,000-10,000 mt. Paddy: 5,000-10,000 mt. All long Californian medium grain paddy packing: loose in bulk. grain broken rice: 1,000-3,000 mt. Californian medium grain: 500-5,000 mt +/- 5% at seller’s option. Basis: USD/mt net shipped weight FOB stowed and trimmed United States one safe berth, load port New Orleans (NOLA) for bulk or Lake Current crop. Weight, Quality, and Fumigation final at loading Packing: Bagged long grain milled rice: in new single white Charles for bagged, basis conventional vessel. USD/mt ex-works as per certificates issued by a First Class Superintendence woven polypropylene bags each of 50kg net shipped weight, for broken rice. Medium grain milled rice: USD/mt net shipped Company. with buyer’s marks. U.S. #2, 4% Broken minimum tare weight: weight FAS Oakland in 20’ containers, as per the International 130g. U.S. #5, 20% Broken long grain minimum tare weight: Chamber of Commerce’s Incoterms 2010. Equivalent to USD/mt Sortexing: Prices are for sortexed quality. 110g. Bulk long grain milled rice, long grain rough rice, long grain CIP Oakland in 20’ containers, as per US industry standards (the broken rice: loose in bulk. Californian medium grain milled rice: Uniform Commercial Code). Medium grain paddy basis: USD/ Quantity: Bagged U.S. #2, 4% Broken: ≥25,000 mt. All other new single white tote bags each of 1 mt net shipped weight. mt ex-works, as per Incoterms 2010. Equivalent to USD/mt FOB

Farm, as per US industry standards (the Uniform Commercial US Gulf Long Grain Rice #3, 15% Broken Hard Milled FOB bulk US Gulf Long Grain Rice Southern Pet Food Quality Broken Code). NOLA (weekly) ex-works Quality: max 7% total seeds and heat damaged kernels in Quality: max 3% total seeds and paddy kernels (singly or Medium grain milled rice load rate: 20 mt per FCL. 500g (singly or combined); max 5 heat damaged kernels and combined); max 0.4% objectionable seeds; max 4% red rice and objectionable seeds in 500g); max 2.5% red rice and damaged damaged kernels (singly or combined); max 6% chalky kernels; Shipment Period: 15-45 days after publication date. kernels (singly or combined); max 4% chalky kernels; max 15% max 5% whole and broken kernels; grey or rosy colour; milling total broken kernels; max 0.1% broken kernels removed by a 5 degree reasonably well milled. Payment: Cash Against Documents, unless specified bagged, plate; max 0.8% broken kernels removed by a 6 plate; max 0.5% milled rice in which payment by confirmed irrevocable Letter of broken kernels removed through a 6 sieve; 3% whole and broken US Gulf Long Grain Rice #1, Parboiled Milled 4% Broken FOB Credit payable at sight, opened by a prime international bank. kernels; light grey colour; milling degree reasonably well milled. bulk NOLA (weekly) Confirmation charges for buyer’s account. Californian medium Quality: max 2% seeds and heat damaged kernels in total (singly grain: By confirmed irrevocable Letter of Credit payable at sight, US Gulf Long Grain Rice #5, 20% Broken Hard Milled FOB Lake or combined) in 500g; max 0.1% non-parboiled rice; max 0.5% opened by a prime international bank. Confirmation charges for Charles (weekly) red rice and damaged kernels (singly or combined); max 10% buyer’s account. Quality: max 30% total seeds and heat damaged kernels in ungelatinised kernels; max 4 broken kernels in 500g; max 0% 500g (singly or combined); max 25 heat damaged kernels and removed by a 5 plate; max 0.1% removed by a 6 plate; max 0.1% Documentation: Standard shipping documents. objectionable seeds in 500g); max 6% red rice and damaged removed through a 6 sieve; max 1% whole kernels; milling degree kernels (singly or combined); max 10% chalky kernels; max well milled. Insurance: For buyer’s account. 35% total broken kernels; max 0.7% broken kernels removed by a 5 plate; max 3% broken kernels removed by a 6 plate; US Californian Medium Grain Rice #1, 4% Broken FAS FCL US Gulf Long Grain Rice #2, 4% Broken Hard Milled FOB bulk max 1% broken kernels removed through a 6 sieve; 10% whole Oakland NOLA and broken kernels; dark grey or rosy colour; milling degree Quality: max 2 total seeds and heat-damaged kernels (singly Quality: max 4% total seeds and heat damaged kernels in reasonably well milled. or combined) in total in 500g; max 1 heat-damaged kernel or 500g (singly or combined); max 2 heat damaged kernels and objectionable seed in 500g; max 0.5% red rice and damaged objectionable seeds in 500g); max 1.5% red rice and damaged US Gulf Long Grain Rice #2 Paddy, 55/70 Yield FOB bulk NOLA kernels (singly or combined); max 2% chalky kernels; max 4 kernels (singly or combined); max 2% chalky kernels; max 7% Quality: max 7% total seeds and heat damaged kernels in broken kernels in total in 500g; max 0.04% broken kernels total broken kernels; max 0.06% broken kernels removed by a 500g (singly or combined); max 5 heat damaged kernels and removed by a 5 plate; max 0.1% broken kernels removed by a 6 5 plate; max 0.20% broken kernels removed by a 6 plate; max objectionable seeds (single or combined in 500g); max 2 heat plate; max 0.1% broken kernels removed through a 6 sieve; max 0.2% broken kernels removed through a 6 sieve; 2% whole and damaged kernels in 500g; max 1.5% red rice and damaged 1% whole and broken kernels; white or creamy colour; milling broken kernels; slightly grey colour; milling degree well milled. kernels (singly or combined); max 2% chalky kernels; max 2% degree well milled. other types. US Gulf Long Grain Rice #2, 4% Broken Hard Milled FOB Lake US Californian Medium Grain Rice #1 Paddy, 58/69 Yield Charles (weekly) US Gulf Long Grain Rice Southern Flour Quality Broken ex-works Quality: max 5% broken kernels; max 0.1% paddy; max 0.5% ex-works (weekly) Quality: max 4 seeds and heat-damaged kernels in total in 500g; broken and heat damaged kernels; max 0.1% foreign materials; Quality: max 4% total seeds and paddy kernels (singly or max 3 heat-damaged kernels and objectionable seeds (singly max 0.5% yellow kernels; max 2% chalky kernels; max 1.5% red combined); max 2% objectionable seeds; max 1.5% red rice and or combined) in 500g; max 1 heat damaged kernel in 500g; max kernels; max 1% waxy rice. damaged kernels (singly or combined); max 2% chalky kernels; 0.5% red rice and damaged kernels (singly or combined); max max 2% whole and broken kernels; slightly grey colour; milling 2% chalky kernels; max 1% other types; white or creamy colour. degree well milled.

milled. Uruguay Long Grain White Rice 5% Broken FOB FCL Brazil Quality: max 14% moisture content; max 2% damaged; max 4% Load port: Rio Grande. Brazil Long Grain White Rice 100% Broken (1/2 Grain Brokens) chalky kernels; max 1% yellow kernels; max 0.2% foreign matter; FOB max 0.1% paddy kernels; minimum milling degree well milled. Current crop. Weight, Quality, and Fumigation final at loading Quality: max 13% moisture content; max 3.5% damaged; max 2% as per certificates issued by a First Class Superintendent chalky kernels; max 1% yellow kernels; max 0.1% foreign matter; Uruguay Long Grain Parboiled Milled Rice 5% Broken STX FOB Company. minimum milling degree well milled; max 70 of ¼-1/2 grain FCL brokens; min 29 of ½-¾ grain brokens. Quality: max 14% moisture content; max 2% damaged; max 4% Quantity: 500-3,000 mt +/- 5% at seller’s option. chalky kernels; max 1% yellow kernels; max 0.2% foreign matter; max 0.1% paddy kernels; minimum milling degree well milled. Uruguay Packing: In new single white woven polypropylene bags each of 50kg net shipped weight, with buyer’s marks. Minimum tare Variety: Unspecified, except for Olímar. Uruguay Long Grain White Rice Olímar 5% Broken FOB FCL weight of 110g. (weekly) Load port: Montevideo Quality: max 14% moisture content; max 2% damaged; max 4% Basis: USD/mt net shipped weight FOB load port in 20’ chalky kernels; max 1% yellow kernels; max 0.2% foreign matter; containers. Except for Brazilian 100% broken white rice, which is Sortexing: All prices are for sortexed quality. max 0.1% paddy kernels; minimum milling degree well milled. loaded loose in bulk. Current crop. Weight, Quality, and Fumigation final at loading Argentina Shipment period: 15-45 days after publication date. as per certificates issued by a First Class Superintendent Company. Load port: Buenos Aires Payment: By confirmed irrevocable Letter of Credit payable at sight, opened by a prime international bank. Confirmation Quantity: 500-3,000 mt +/- 5% at seller’s option. Sortexing: All prices are for sortexed quality. charges for buyer’s account. Packing: In new single white woven polypropylene bags each Current crop. Weight, Quality, and Fumigation final at loading Documentation: Standard shipping documents. of 50kg net shipped weight, with buyer’s marks. Minimum tare as per certificates issued by a First Class Superintendent weight of 110g. Company. Insurance: For buyer’s account. Basis: USD/mt net shipped weight FOB load port in 20’ Quantity: 500-3,000 mt +/- 5% at seller’s option. Brazil Long Grain White Rice 5% Broken FOB FCL containers. Quality: max 13% moisture content; max 2% damaged; max Packing: In new single white woven polypropylene bags each 4% chalky kernels; max 1% yellow kernels; max 0.25% foreign Shipment period: 15-45 days after publication date. of 50kg net shipped weight, with buyer’s marks. Minimum tare matter; max 0.1% paddy kernels; minimum milling degree well weight of 110g. milled. Payment: By confirmed irrevocable Letter of Credit payable at sight, opened by a prime international bank. Confirmation Basis: USD/mt net shipped weight FOB load port in 20’ Brazil Long Grain Parboiled Milled Rice 5% Broken STX FOB charges for buyer’s account. containers. FCL Quality: max 14% moisture content; max 2% damaged; max Documentation: Standard shipping documents. Shipment period: 15-45 days after publication date. 4% chalky kernels; max 1% yellow kernels; max 0.05% foreign matter; max 0.1% paddy kernels; minimum milling degree well Insurance: For buyer’s account. Payment: By confirmed irrevocable Letter of Credit payable

at sight, opened by a prime international bank. Confirmation Sortexing: All prices are for sortexed quality. Shipment period: 15-45 days after publication date. charges for buyer’s account. Current crop. Weight, Quality, and Fumigation final at loading Payment: By confirmed irrevocable Letter of Credit payable Documentation: Standard shipping documents. as per certificates issued by a First Class Superintendent at sight, opened by a prime international bank. Confirmation Company. charges for buyer’s account. Insurance: For buyer’s account. Quantity: 500-3,000 mt +/- 5% at seller’s option. Documentation: Standard shipping documents. Argentina Long Grain White Rice 5% Broken FOB FCL Quality: max 14% moisture content; max 2% damaged; max 4% Packing: In new single white woven polypropylene bags each Insurance: For buyer’s account. chalky kernels; max 1% yellow kernels; max 0.2% foreign matter; of 50kg net shipped weight, with buyer’s marks. Minimum tare max 0.1% paddy kernels; minimum milling degree well milled. weight of 110g. Paraguay Long Grain White Rice 5% Broken FOB FCL (weekly) Quality: max 14% moisture content; max 2% damaged; max 4% Basis: USD/mt net shipped weight FOB load port in 20’ chalky kernels; max 1% yellow kernels; max 0.2% foreign matter; Paraguay containers. max 0.1% paddy kernels; minimum milling degree well milled. Load port: Asunción

REVISION HISTORY

February 2021: Platts removed the varietal name from its Uruguayan 5% broken white rice and Parboiled 5% STX assessments.

October 2020: Platts discontinued assessments of Thai White Glutinous 10% Broken (Sanpathong), Thai White Glutinous 100% Broken A1, and Vietnamese KDM Fragrant 5% Broken.

September 2020: Platts migrated the methodology and specifications guide from the 24 pre-existing rice methodology guides published by the Live Rice Index, following that company’s acquisition by Platts in September 2019. Platts launched assessments of Thai 5% broken white rice derivatives.