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.

Facebook Twitter DZone It! Digg It! StumbleUpon Technorati NewsVine Reddit Blinklist Add diigo bookmark



Click to view


 12/02/2020 08:35:15
Appointment of Board Advisor

 15/01/2020 15:29:35
First Index Trade in Used Cooking Oil

 08/01/2020 15:05:49
Appointment of Board Adviser

 27/11/2019 08:22:53
SCB Brokers Its First Thai Rice Swap

 11/11/2019 09:19:00
First OTC Trade in South American Soybeans

 31/10/2019 18:15:10
CNBC interview with Kevin McGeeney - discussing the growing market in sustainable battery materials

 09/08/2019 14:10:00

 01/07/2019 18:29:27
SCB Brokers Its First Platts-Based Brazil Soybean Swaps

 19/03/2019 14:14:12
SCB Wins 6 Awards 2019

 19/08/2018 11:15:00
SCB Wins at the Energy Risk Awards

 23/11/2017 10:35:04
Russia Says Grain Supplies Not Affected by Radiation Release

 03/11/2017 15:45:11
SCB Group qualifies as a finalist for Best Risk Solutions Provider in the first Global Grain Awards

 23/08/2017 16:14:49
CME Group Announces First Trades of New Australian Wheat FOB (Platts) Futures

 22/08/2017 15:59:04
National Biodiesel Board Welcomes New Membership of SCB Brokers

 20/04/2017 19:29:41
SCB joins ePURE as Associate Member

 19/03/2017 17:51:19
How To Feed A Warming World ? – Kevin McGeeney, CEO of SCB Group at TEDxLausanne

 15/03/2017 00:44:02
First Black Sea wheat swap traded against the S&P Global Platts Black Sea Wheat price assessment

 21/02/2017 19:26:35
Bolstering the biofuels market Sponsored Q&A: Energy Risk Commodity Rankings 2017 | SCB

 16/02/2017 18:27:36
New industry partnership honors student energy research

 14/11/2016 09:00:00
SCB arranges landmark transaction in the Oregon Clean Fuels Program

 25/10/2016 18:00:00

 20/04/2015 11:27:30
EU biofuels industry needs to pivot to achieve wider success: SCB CEO

 03/03/2015 10:10:55
Wheat Climbs to One-Week High on Concerns of Cold Weather Damage

 03/02/2014 10:06:32
EU wheat falls on Egypt move to tighten purchase standards

 13/01/2014 12:20:35
EU wheat slips to 3-month low ahead of USDA data - RTRS

1     2     >>