ViganTBA GroupTelestackTOC EventsThe Wolfson Centre for Bulk Solids Handling Technology Sailors Society
  • TBA Group
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Vigan
  • Cimbria
  • Cleveland Cascades Ltd
  • TOC Events

Glencore joins agri-trade initiative

Glencore joins agri-trade initiative

(Posted on 24/09/19)

The industry-wide initiative to modernize global agricultural commodity trade operations has announced that another major partner, Glencore Agriculture Limited, has joined the effort.

“We’ve been interested in the initiative from the very early days and we’re excited now to join as a full partner,” said Glencore Agriculture Limited CEO David Mattiske. “The digital platform this group intends to develop will leverage the newest technologies and has the potential to revolutionize our industry, making contract execution processes more efficient, more accurate and more transparent. These advances are necessary for our industry to continue serving our critical global role efficiently and effectively, and the benefits will be felt by companies of all sizes along the post-trade value chain.”

The initiative, which now includes Glencore Agriculture Limited as well as Archer Daniels Midland Company (NYSE: ADM) (“ADM”), Bunge Limited (NYSE: BG) (“Bunge”), Cargill Incorporated (“Cargill”), COFCO International Ltd (“COFCO International”) and Louis Dreyfus Company (“LDC”), is initially looking at new technologies – such as blockchain and artificial intelligence – to create digital solutions to automate grain and oilseed post-trade execution processes, reducing costs needed to move agricultural and food products around the globe. The group is projecting launch of the new platform in the second half of 2020 subject to regulatory approval.

“This effort is growing, and the reason is clear: we’re offering clear and tangible benefits for the industry, created by the industry,” the initiative participants said in a joint statement.  “Customers, partners and other industry participants appreciate both the potential that our platform offers, and the fact that we are partnering with them early in the process to ensure the entire industry’s needs are met.”

Since announcing the project in October 2018, the group has held workshops and roundtable discussions with a broad range of industry stakeholders, including shippers, charterers, buyers, service providers, financial institutions, trade associations, industry standards and regulatory authorities. By collaborating on critical issues such as security and data privacy, technology choices, business model, adoption strategy, and functionalities and capabilities, the group is ensuring that the new platform will meet the needs of the entire industry.

Next steps include development and execution, focusing on a pilot that will cover international 

Latest News

Cargill acquires Owensboro Grain Company

(Posted on 05/12/22)

Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and... Read more


Rio Tinto to strengthen, decarbonise and grow

(Posted on 01/12/22)

Rio Tinto is providing an update at its Investor Seminar on progress against its long-term strategy... Read more


BioIron proves successful for low-carbon iron-making

(Posted on 29/11/22)

Rio Tinto has proven the effectiveness of its low-carbon iron-making process using ores from its mines... Read more


Rio Tinto, BHP and Fortescue to create safer workplaces

(Posted on 19/11/22)

Rio Tinto, BHP and Fortescue are launching an innovative pilot programme aimed at helping to eliminate... Read more


AJ Steel agreement with KEZAD to expand in Abu Dhabi

(Posted on 19/11/22)

Leading UAE steel pipe manufacturer and exporter, AJ Steel, has signed an agreement with the integrated... Read more


EU fertilizer industry calls for more comprehensive long-term strategy

(Posted on 13/11/22)

Fertilizers Europe has welcomed the recognition of the European Commission that urgent and targeted... Read more


NGFA urge US Congress to prevent rail shutdown

(Posted on 09/11/22)

The National Grain and Feed Association (NGFA) in the USA and 192 other members of the Agricultural... Read more


BHP and Rio Tinto to collaborate on new tailings technology

(Posted on 02/11/22)

Global miners BHP and Rio Tinto have formed a partnership agreement to accelerate the development of... Read more


Trafigura signs German guaranteed US$800m loan agreement

(Posted on 26/10/22)

Trafigura, a market leader in the global commodities industry, has entered into a USD800 million five... Read more


Blastr and Cargill Metals MOU for supply of green steel

(Posted on 26/10/22)

Cargill’s metals business and Blastr Green Steel AS, a developer of decarbonized steel supply,... Read more


Cleveland Cascades LtdVan AalstPort of StocktonCimbriaPort of South LouisianaBühler GmbH
  • Telestack
  • Sailors Society
  • Port of Stockton

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping