Indian Non-Basmati Rice Methodology Guide

INDIAN NON-BASMATI RICE METHODOLOGY GUIDE

Individual Commodity Definitions & Standard Terms

Indian Non-Basmati Rice Assessment Principles Quality: Please see overleaf.

Variety: 5% and 25% Broken White Rice and Parboiled Milled Rice 5% STX: IR 64 100% Broken Rice: Blend of available long grain varieties.

Sortexing: Prices are for sortexed quality, except for 25% Broken Long Grain White Rice, which is non-sortexed. INDIA - WHITE RICE FREQUENCY 5% Broken B D Current crop. Weight, Quality, and Fumigation final at loading as per 25% Broken D certificates issued by a First Class Superintendent Company. 100% Broken Rice D Swarna 5% Broken W Quantity: 500 MTS - 6,000 MTS +/- 5 % at seller’s option. Sharbati 2% Broken W Packing: In new single white woven polypropylene bags each of 50kg INDIA - LONG GRAIN PARBOILED RICE FREQUENCY net shipped weight, with buyer’s marks. Minimum tare weight of Parboiled Milled Rice 5% STX D 110g. 2% empty bags to be loaded at seller’s cost. 100% broken STX white rice loose in bulk.

B = BENCHMARK Basis: USD PMT net shipped weight FOB stowed and trimmed one D safe berth, east coast port basis conventional vessel. D = DAILY PRICE ASSESSMENT Shipment period: 15 - 45 days after publication date. W = WEEKLY PRICE ASSESSMENT Payment: By confirmed irrevocable Letter of Credit payable at sight, opened by a prime international bank. Confirmation charges for buyer’s account.

Documentation: Standard shipping documents.

Insurance: For buyer’s account.

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

Indian Non-Basmati Rice - Physical Specification

Indian 5% Indian 25% Indian 100% Swarna Sharbati 2% Indian Parboiled CODEX STANDARD FOR RICE 1995 Broken Broken Broken 5% Broken Broken 5% STX Max. Moisture Content (%) 15.00 15.00 15.00 15.00 15.00 15.00 Max. Damaged (%) 3.00 3.00 3.00 3.00 3.00 3.00 Max. Chalky Kernels (%) 11.00 11.00 11.00 11.00 11.00 - Max. Red Kernels (%) 4.00 4.00 4.00 4.00 4.00 4.00 Max. Red-Streaked Kernels (%) 8.00 8.00 8.00 8.00 8.00 8.00 Max. Pecks (%) - - - - - 2.00 Max. Foreign Matter (%) 0.50 0.50 0.50 0.50 0.50 0.50 Max. Other Rice Varieties (%) - - - - - 2.00