Demeter Reports Ltd. was founded in 2011 when the founding members established a Price Reporting Agency (PRA) that specialises in rice, named the Live Rice Index (LRI).

The LRI has become an established tool for the physical and paper trade of rice globally. The LRI’s role is to observe and report on the world’s rice markets, whilst developing increasingly accurate methods for accessing and evaluating rice price information. To build confidence in the rice price assessment process, we aim to make our price assessments and methodology as transparent and robust as possible.

Building on the success of this specialist PRA, Demeter Reports set about trying to significantly change the way that the world views agricultural commodities, and specifically how we value these commodities.