Thailand Long Grain White Rice (Platts) futures

Effective and efficient price risk management for the global rice market

CME Group offers cash-settled Thailand Long Grain White Rice futures to complement our existing suite of physically delivered US Rough Rice futures and options. The Thailand Long Grain White Rice (Platts) futures contract tracks closely to its respective cash market for 5% broken rice and allows firms to manage price exposure to Thailand and other competing white rice exports.

View the Thailand Long Grain White Rice futures SER.

The contract is based on the Platts daily price assessments for Thailand Long Grain White Rice 5% Broken, FOB stowed and trimmed one safe berth, load port Bangkok, on conventional vessel, for shipment 15-45 days ahead.

Key features

  • Effective price risk management tool for Thailand, and other competing origins, long grain white rice export markets
  • Cash-settled basis ‒ the Platts Thailand Long Grain White Rice assessment (no physical delivery)
  • 12 calendar monthsavailable for trading
  • Daily price settlements provided by CME Group for 12 calendar months
  • Available to trade as privately-negotiated blocks through an active broker market on CME ClearPort
  • Spreading opportunities with CBOT US Rough Rice futures

Contract specifications



Contract size

25 metric tonnes

Price quotation

US dollars and cents per metric tonne

Tick size (minimum fluctuation)

US $0.50 per metric tonne (US $12.50 per contract)
Final settlement price fluctuation is $0.01 per metric tonne

Product code


Trading hours

CME Globex: Monday – Friday: 8:30 a.m. – 1:20 p.m. Central Time (CT)

Pre-ppen: Monday – Friday: 8:00 a.m. – 8:30 a.m. CT

CME ClearPort: Sunday 5:00 p.m. – Friday 5:45 p.m. CT with a 15-minute maintenance window each day Monday – Thursday from 5:45 p.m. to 6 p.m. CT

Settlement time

6 a.m. CT

Listed months

12 months, starting with January 2021

Settlement method

Financially settled

Final settlement price

The final settlement price for each contract month shall be equal to the arithmetic average of the “Thailand Long Grain White Rice 5% broken FOB” price assessments published by Platts for each day. It is determined during the contract calendar month, rounded to the nearest $0.01

Termination of trading

Trading shall cease on the last business day of the contract month, which is also a Platts publication date for the price assessment.

Block minimum

Five lots – subject to a 15-minute reporting window

Contact us

For more information, contact: