SCB
SCB Group

SCB Brokers Its First Thai Rice Swap


November 27, 2019


SCB Group

SCB Brokers Its First Thai Rice Swap


SCB Group, the world-leading, low carbon commodity brokerage, is pleased to announce that it brokered its inaugural Asian rice swap in February 2019.

The trade, based on the Live Rice Index was a swap based on price for Thai white rice, 5% broken. The swap volume was for 1,000 tons and was traded at $379/ton on April 2019 maturity. The transaction took place between a Thai-based rice exporter and a Singapore-based rice trader.

At expiry, in April 2019, the counterparties will exchange the difference between $379/mt and the Live Rice Index price in April.

Even though rice is the staple food of more than half of the world’s population, there is currently no reference for Asian rice. SCB believes that the Thai White Rice (“WR”) 5% SWAP will become the Global benchmark for the rice industry.

Arnaud Saulais, Rice & Grains Derivatives Markets Broker at SCB Group, commented:

“By creating a Thai WR SWAP product, SCB enabled the counterparties to mitigate price risk, hedge their positions and create a stable price point. We look forward to working with other traders, producers and rice market participants to support them with similar trades in the near future.”

For further information, please contact:

Pauline Tainton, Marketing Officer, SCB + 41 22 365 5310

Camarco, Financial PR

Billy Clegg, Jennifer Renwick, Monique Perks +44 20 3757 4995

Notes to Editors:

SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future. Its method is to assist buyers and sellers close trades in environmental products. In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.

SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives. SCB is the market leader in its core markets.

SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow. SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy. By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.





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