JustCommodity Spreads its Wings

We had the opportunity recently to talk to JustCommodity, a Singapore-based CTRM vendor, that has been quietly making steady progress in recent months extending its geographic and commodity reach. According to Ong Lay Kian, EVP of Operations for the company, although JustCommodity had predominantly been focused in the Edible Oils sector in Asia, in recent months it has increased its reach by moving across the asset class into other agricultural and soft commodities including Grains, Softs-Coffee, Cocoa, Sugar and Rubber and also across geographies into Europe, the Middle East and Africa. “We have opened a UK office and are in the midst of opening an office in Geneva as well,” we were told recently. JustCommodity was incorporated in 2002 and provides its ContraXCentral (CxC) software product that covers trading, logistics, and risk management coupled with real-time reporting tools. To validate its claims, Ong Lay Kian cited a number of new customers across different commodities and geographies. For example, it added Creative Group last year, a leading Ukrainian integrated agro-industrial company and one of the largest producers of agricultural products in Ukraine that produces fats and margarines, sunflower oil and meal, soybean meal and oil and biofuel pellets and is engaged in agriculture, particularly … continue reading

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