COMMODITY SUBSCRIPTION · SCOPE & METHOD · NOT AN OFFER
RiceSubscription Report
HS 100620, 100630, 100640 · grains · container
NINE PAGES · REGISTRATION OPEN · NO FEE IS BEING COLLECTED YET
PRICE BASIS · CUSTOMS RECORD · COUNTERPARTY REGISTER — READ FROM FREE, CITED SOURCES
01The record on this commodity
02What it is, and what H-α does with it
03The nine pages, what each does, and a line from each
04Method, provenance and terms
COMMODITY SUBSCRIPTION REPORT · PREPARED BY H-α TRADE INTELLIGENCE
2026-10-16
H-α · TRADE INTELLIGENCE
Rice Subscription Report
This document states what an H-α subscription to Rice observes, what its price is measured against, and what the platform holds on the commodity at the moment the document was generated. Figures are read from the platform's own stores at render time. Quotations are reproduced verbatim from the commodity registry.
What this document is, and is not. It is a statement of scope and method. It is not an offer, not a price assessment, and not a recommendation to trade. No counterparty is named and no figure below is presented as a quotable price unless its own basis says it is one. Where the platform holds nothing, this document says so.
THE RECORD
I.The record on this commodity
What the platform holds on Rice, counted at the moment this document was generated. Every figure below is read from the store the page that uses it reads; none is estimated, and a count the platform cannot honestly make is stated as absent rather than shown as zero.
| WHAT IS HELD | COUNT | BASIS |
|---|
| Buyers | 39 | named companies |
| Sellers | 333 | named companies |
| Countries | 17 | in the record |
| Ports | 17 | worked by the book |
| Customs lanes | — | no lane has been cut on this HS code yet |
| Declarations | — | no declaration has been read on this HS code yet |
| Prices | 3 | legs on the desk |
| Pursuit lanes | — | the pursuit engine has not been run on this commodity |
| Freight routes | 10 | container · drawn |
| Inland legs | — | no inland leg is on file for this commodity yet |
| Specifications | — | the registry carries no quality spec or grade table for this commodity |
| Named sources | 1 | all free to consult |
THE COMMODITY
II.What Rice is, and what H-α does with it
Rice is the most policy-driven of the grain trades. Indica long-grain, parboiled, basmati and other aromatics, japonica and broken rice are separate markets with separate buyers, and the broken percentage — 5 per cent, 25 per cent — is the trade's basic grade language. India, Thailand, Vietnam, Pakistan, the United States and Myanmar carry export supply; the Philippines, West Africa, Indonesia, the Gulf and China carry demand. Export bans, minimum export prices and duty changes move this market faster than any crop fundamental.
What the subscription does with it
The subscription reads the declared record on the milled, parboiled, aromatic and broken headings separately rather than as one rice line, and keeps millers, exporters, state agencies and importers in one book. The price basis is the series the registry names, carried with its print date, and a policy caveat recorded in the registry is reproduced verbatim rather than summarised.
The registry’s note on the headings this subscription reads:
HS6 CANNOT distinguish basmati from non-basmati, nor parboiled from raw. India's basmati split — the most policy-relevant distinction in rice — needs India's 8-digit ITC(HS) lines. 1006.40 (broken) is kept separate: it is a different market (West Africa, feed) from milled.
100620 husked (brown) rice; 100630 semi-milled or wholly milled rice; 100640 broken rice
The registry’s caveat on the price anchor:
The only source in Wave 3 with a clean, explicit, commercial-friendly licence. TREA's site has a BROKEN TLS CERTIFICATE and could not be verified; VFA publishes free prices but ATTRIBUTES THEM TO 'ORYZA', i.e. it republishes a commercial assessment; APEDA publishes volumes not prices; FAO's Rice Price Update is an embedded Power BI dashboard with no data endpoint. HS6 CANNOT separate basmati from non-basmati — India's most policy-relevant split needs ITC(HS) 8-digit.
THE NINE PAGES
III.The nine pages, what each does, and a line from each
Every subscription is one commodity and the same nine pages, in the order they are worked. Under each is a single line taken from that page as it stands today — one line, not the page. A page marked opening is not yet reachable for this commodity; where its line is drawn from a commodity that is already open, the line carries that commodity’s name.
OPEN01Market Today
What is true about this market on this data day: the mark, how old it is, and what that age lets you say. Print age, never fetch age — a monthly benchmark is not quoted as today's price.
482.00 USD/MT · Thailand, 5% broken, white rice (WR), milled, indicative price based on weekly surveys of export transactions, government standard, f.o.b. Bangkok · World Bank Pink Sheet · print 2026-09
OPEN02Intel
Why the price sits where it does. The origin ladder, the spreads between grades and legs, and the drivers underneath them — every rung carrying its own source and its own print date.
Rice, Thai 25% broken (World Bank Pink Sheet) · 461.00 · World Bank Pink Sheet 'Rice, Thai 25%' — the sheet's Description tab defines only the 5% grade; no basis is claimed for this one beyond the grade in its name · World Bank Pink Sheet · print 2026-09
OPEN03Customs
The declared record on this commodity's HS codes: lanes cut from real declarations, the parties at both ends, and the unit values that were actually realised rather than quoted.
no line can be drawn for this page on any commodity yet
OPEN04Register
One book, two roles. Every buyer and every seller on this commodity — where they sit, which ports they work, and a stamp on each row saying where it came from.
Algro International · buyer · US · baltimore · unset
OPEN05Trade Audit
Put a trade shape in — volume, origin, destination, incoterm, price — and the desk audits it against the record. Where there is no basis to judge it, it refuses rather than scores.
Grade (SHB/Santos) baseline SHB · 3 specs checked: grade, screen size, defects per 300g
specimen · Coffee
OPEN06Pursuit
Who to call, and the reason for the call. A lane is gated on four legs — alive, named, priced, routed — and only a lane that passes all four reaches the board.
no line can be drawn for this page on any commodity yet
OPEN07Deal Maker
The cost stack end to end: FOB, freight, insurance, discharge, inland, duty. What the cargo lands at and what is left for you, with the source shown under every input.
insurance % of CIF 0.05 · discharge USD/MT 1
OPEN08Freight
The ocean leg: lane rates by vessel class or by box, transit times, port congestion, and the chokepoints between origin and destination.
nhava-sheva → baltimore · container · High volume · 227 sellers · 17 buyers
OPEN09Logistics
Everything that is not the ocean leg: inland mode, gateways, rail and truck corridors, border crossings, and where a cargo actually stops moving.
no line can be drawn for this page on any commodity yet
METHOD
IV.Method, provenance and terms
Every figure carries its source and its date. No number appears here or on the platform without the store it was read from and the date that store stamped it. A figure that cannot carry both is not published.
Print age, never fetch age. A price is aged from the date the source printed it. Re-fetching a monthly series nightly does not make it daily, and it is not presented as though it did.
The mark is named, never chosen. The headline price is the series the commodity registry names for this commodity. Where the store holds several for one commodity, none is picked by position or recency.
Absence is stated. Where the platform holds nothing, it says what is missing and why. A dash or an omitted section would read as completeness that has not been earned.
Deterministic. Figures are read and arithmetic is applied. No figure here or on the platform is the output of a language model.
Terms
Registration is open and no fee is being collected. A registration records who asked and which commodity; H-α comes back to the address given. No account is created and nothing is owed on registration.
The record is assembled from one source: World Bank Pink Sheet. Each is free to consult and each is named on every figure it produces, so a subscriber can go to the source and check the number rather than take it.