Agricultural commodities trading dates back thousands of years, making it the world’s oldest physical goods market. However, over a period of time the trading processes have evolved to be digital with emphasis on documentation, finance and actual movement of goods through various methods like shipping lines, trucking and air freight. The commodity prices also fluctuate and are closely linked to supply and demand, geo political situations and a variety of other factors that induce inherent risks in the trading business. Using a CTRM tool provides new opportunities for traders to digitise their operations and ensure profits.
Physical trading of agriculture commodities requires a lot of analysis of product positions, inventory control and freight management. The finances are also rolling from one trade life cycle to another so being on top of the account receivables and payables are top agenda items for every trader. Managing these complex trade lifecycles can be a daunting challenge as trade business grows. That is why adopting a CTRM system like CommodityPro can help drive data driven decisions, gain operational control and manage risk.