New Module to Track the Speed and Direction of Commodity Tradeflows in Near Real Time
AgFlow, in which SGS invested in July 2016, has launched a new module, Tradeflows, to track the speed and direction of commodity tradeflows in near real time.
This new module provides market professionals with substantial navigation capabilities to track and estimate the speed and direction of tradeflows across grains, oilseeds and edible oils at a global level. The newly launched module adds to this solution’s already wide-ranging coverage of physical over the counter (OTC) market prices. In January, the company announced it had processed more than one million physical price points, cementing its position as the go-to-source for OTC market data across grains, oilseeds and edible oils.
Since its investment in AgFlow last year, SGS has been using its market research services to enrich the company’s market intelligence platform.
Raymond Rogers, Head of Special Projects at AgFlow, commented: “The world trade in major grains, oilseeds, proteins and edible oils is estimated annually at 650 MMT in 2016. AgFlow has vetted Tradeflows data against official export and custom statistics. Tradeflows achieves 96% coverage across corn, 95% soybeans, 80% barley, 70% wheat, 80% sunmeal, 66% palmoil, 75% rapeseed. Tracking the speed and direction of the movements globally is a cumbersome and labour intensive data process. With Tradeflows, we guarantee a data normalization logic that supports industry standards across hundreds of thousands of vessel records. We look forward to working with the industry on building cutting-edge tools that modernize the trade intelligence landscape.”
About AgFlow SA
AgFlow is a provider of trade intelligence services for global agriculture. Based in Geneva, Switzerland, the company operates an innovative web-based platform aggregating OTC market data on agricultural commodity prices, freight data and cargo movements for the benefit of companies active the international supply chain.
For further information, please contact:
Vice President Business Development
t: +41 2273 993 74
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 90,000 employees, SGS operates a network of over 2,000 offices and laboratories around the world.