IndustryEdible Oils

The edible oil industry has witnessed significant growth over the past few years on account of a growing population as well as the rising demand for alternative energy sources. The growing importance of edible oils has rendered the market more volatile and correlated to other commodities. The industry need to better manage their supply/demand, operations, exposures and also price, currency and counterparty credit risks.

ContraXcentral™ provides Plantations, Refiners, Consumers, Traders and Marketers of palm, sunflower, soybean, canola, rapeseed and other edible oils an integrated trading and risk management solution to manage contracts, streamline fulfilment, automate settlement and pro actively manage risks. Contract templates can be defined based on FOSFA, PORAM, MEOMA or any other industry standard terms, facilitating easy trade capture and reducing manual errors. Trade approval workflow can be defined and limits can be monitored for enforcing better controls. Requirements like circles, string, bypass and washout identification, execution and settlement are easily handled.

Fulfilment events, quantities, quality, fees and commissions can be effectively managed and tracked. Inventory activities like tolling, blending, processing and reprocessing are supported. Physical and financial trades are also settled and invoiced automatically. ContraXcentral™ facilitates hedging physical positions with futures or options by transacting in exchanges like MDEX, DCE, CBOT, ICE, etc. Market, operational, material and credit risks are measured and reported. ContraXcentral™ integrates with plantation/mill management and weigh bridge systems to provide visibility into physical positions and automate the fulfilment process.