JustCommodity Software Solutions, the leading Commodity Trading and Risk Management (“CTRM”) solution provider, announced today that Agritrade International, one of the major player in the palm oil, and logistics sectors, with operations in Indonesia, China, Singapore and Malaysia, has selected JustCommodity’s ContraXcentral™ to operate its palm oil trading and refinery business in Kuala Lumpur.
Having a prominent market presence in India, Pakistan, Sri Lanka, Nepal, China, Malaysia, Indonesia and Europe Agritrade International is a globally recognized active player in the commodities supply chain. Agritrade International will be using JustCommodity’s ContraXcentral™ through its subsidiary, Alami Commodities Sdn Bhd and the solution will be implemented in Kuala Lumpur, Malaysia.
From mark-to-market pricing to documentation and flexible report generation, JustCommodity’s solution will enable Agritrade International to effectively manage trading, risk and logistics for palm oil procurement and refinery on a real-time, integrated platform. Furthermore, ContraXcentral™ will be able to supply the refiner with a clearer picture of market positions and exposures, enabling it to implement more precise hedging programs through futures and option trading.
“We are pleased that another Asian Palm Oil refiner has selected JustCommodity’s trading and risk management software,” noted Joel Lou, CEO of JustCommodity. “This is another strong endorsement of JustCommodity’s cutting edge capabilities and our continued investment in development and product innovation in the palm oil sector and our presence in Asia.”
To learn more about JustCommodity’s CTRM solutions, please visit www.justcommodity.com
About Agritrade International
Established in 1979, Agritrade International Pte Ltd has grown over the past three decades into a globally recognized enterprise. Today, Agritrade International Pte Ltd is a major player in the palm oil, coal, and logistics sectors, with operations in Indonesia, China, Singapore and Malaysia. Agritrade’s International trade includes prominent market presence in India, Pakistan, Sri Lanka, Nepal, China, Malaysia, Indonesia and Europe.
An active player in the commodities supply chain, Agritrade has won numerous awards since 1993, and has consistently ranked as one of the top companies in Singapore since 2003. Some of the awards won by Agritrade International include its ranking in the “Top 500 Enterprise Companies of Singapore” by Singapore Business, “Singapore International 100” by International Enterprise Singapore (IE Singapor) and “Singapore 1000 Company” by DP Information Group from 2002 to 2011.
Agritrade was ranked as First in market category for India in 2006 by IE Singapore. Duly recognizing the valuable contribution to international trade and the Singapore economy, Agrtrade has been bestowed with the status of Approved International Trader (AIT)/ Global Trader Program (GTP) by the Ministry of Trade and Industry, Singapore since 1993. The Singapore Government has further renewed this status of GTP for five more years effective from Jan, 2008. Agritrade will continue to receive the GTP benefits and concessions till end of Dec, 2012.
About JustCommodity Software Solutions
JustCommodity has established itself as the leading Commodity Trading and Risk Management software solutions provider for the soft commodity sector, servicing some of the largest trading firms worldwide, including Forbes Global 2000 and Fortune 500 companies.
Incorporated since 2002, JustCommodity has developed deep domain knowledge in the physical commodity markets, providing industry-focused solutions that meet the real-world business challenges of its clients. Embedding industry best practices for trading, logistics, and risk management into its product, ContraXcentral™; coupled with dynamic real-time reporting tools, has yielded one of the most powerful Commodity Trading & Risk Management solutions in the industry.
Leveraging on this unique expertise, JustCommodity has expanded its value proposition to the market by offering specialized consulting and advisory services, “Global Thought Leadership”, contract execution and risk management into a single enterprise wide solution suite.
