Platts launches Parboiled Rice 5% STX CFR West Africa assessment

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Platts, part of S&P Global Commodity Insights, has decided to launch a new daily assessment for Parboiled Rice 5% STX on a CFR West Africa basis, effective Feb. 20.

Platts decided to launch a CFR West Africa parboiled rice assessment Jan. 9, following a period of consultation:

Platts first proposed to launch a CFR West Africa parboiled rice assessment Dec. 14, 2022, available here:

The assessment is the first delivered rice assessment by a price reporting agency and results from the increasing need for transparent rice pricing information in destination markets. The assessment reflects prices of parboiled rice that meet the required physical specifications, from any global origin.


Long Grain Parboiled Milled Rice 5% STX CFR West Africa






4:30 pm UK time

Unit of measurement





Cotonou, Benin

Arrival at disport

60-90 days from date of assessment



Cargo size

1,000-10,000 mt, normalized to 5,000 mt


50kg PP bags

Max. broken kernels


Min. average grain length


Max. moisture


Max. damaged/discolored


Max. red/red streaked


Max. black/black tip


Max. foreign matter


Min. Milling degree

Well milled, STX quality

All other specifications and clauses should be as per market practice.

Delivered prices to other West African ports may be considered in the assessment. Normalization for quality, dimensions, cargo size, packaging, payment terms will reflect current differentials applied in the market, and locational normalization may make use of freight netbacks and freight forwards.

Please send all comments, feedback and questions to and

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.


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