A commodities exchange is a legal entity that establishes and enforces trading rules for standardized commodity market place contracts and related investment products. A commodities exchange is also the physical location where trading takes place. The commodities market is massive, with trillions of dollars traded every day.
Physical commodities are rarely delivered through a commodities exchange by traders. Instead, they trade futures contracts, in which the parties agree to buy or sell a specific amount of the commodity at an agreed-upon price at a predetermined expiration date, regardless of what it is currently trading at in the market.
Crude oil is the most traded commodity future contract. If you want to bring an idea to life, you have a 90% chance of failure and a 10% chance of success. That is simply statistics. It did not deter us from developing and launching our own startup.
Here we will discuss how the idea of launching a commodity trading platform came to fruition and the practical experience we gained while developing an online Agri marketplace.
What makes a commodity broker’s job extremely difficult?
A commodity broker’s job is extremely difficult. Emails and phone calls with potential and existing clients, stock exchange monitoring, contract negotiations (especially this part), and answering questions — that is a lot of tabs to keep track of. What if they could find counterparties, negotiate deals, find logistic operators, and exchange documents all in one place?
It seemed like a brilliant idea to many of us, financial traders, investors, and businessmen. He had the funds, and we had a development team and experience developing IT products. It sounded like a solid foundation for developing a b2b Agri trading platform.
Why is it easy to buy from a reliable Agri marketplace?
Through the online Agri marketplace, it is easy to earn locally and digitally. The best way to order online and purchase the right product is the aim of the agri marketplace online. Thus you need to select a product to sell and to buy. If it so happens that you cannot find the product you need, you can talk to the experts and if it is available, make it a point to book and purchase it immediately.
Agri marketplace is a digital B2B market solution. It has brought many farmers and direct buyers together. The price and the profit from both ends have reduced and increased respectively. They have driven agricultural transactions with our digital platform and service partnership network.
Benefits of Online Agro marketplace-
- A simple platform that generates market opportunities for farmers and buyers in the industry
- Unrestricted access to a global market from any location, at any time
- Market information that is transparent and reliable and deal creation and negotiation
- Platform payment processes that are integrated and secure
- Customized product quality assurance and logistics services
- A market that only accepts verified buyers and sellers
- Customer service and insight
Agri Marketplace accepts online payments from buyers and sellers, product quality check options, and end-to-end logistics services. Online Agri Marketplace is not a broker and does not buy or sell crops. Instead, we provide you with the ability to market your crop through our platform easily.
Agri Marketplace allows buyers and sellers to conduct direct transactions. Agri MP and our partnership network cover all intermediate supply chain stages. Please get in touch with one of the premium partners for more information.