Key facts
- Gafta has released updated standard contract forms for rice trade.
- The new contracts are effective from October 2025.
- Gafta estimates that 80% of the world's grain trade uses its contracts.
- The organization owns the copyright to all its contracts.
The Grain and Feed Trade Association (Gafta) has introduced updated standard contract forms for the global rice trade, with the new agreements set to take effect in October 2025. This development follows Gafta's merger with the London Rice Brokers Association. Gafta is a significant player in international commodity trade, estimating that its standard contracts are used for approximately 80% of the world's grain shipments. The organization holds the copyright for all its contracts and encourages their use within the trade, while also regulating their reproduction and commercial application.