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A price reporting agency (PRA) is a company that publishes assessments of the price of various commodities, which they sell to subscribers.
One commonly used definition is that “PRAs are firms that assess the fair price of commodities and report these values to a wider audience that then uses those assessments of price either for information purposes or else as the basis for physical or financial transactions.” [1]
There are around 100 firms that actively publish commodity prices. By far the largest firm in the sector is S&P Global Platts. Other large PRAs include Argus Media, ICIS, OPIS and Metal Bulletin.
The oldest PRA still actively publishing prices is The Public Ledger, which is owned by Informa. The Public Ledger dates back to 1760. The majority of PRAs were founded in the twentieth century.
References
edit- ^ Johnson, Owain; The Price Reporters: A Guide to PRAs and Commodity Benchmarks; Routledge, London, 2017
External links
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