eyre peninsula integrated commodities. the service that epic provides is to: establish the price...
Post on 17-Dec-2015
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Eyre Peninsula Integrated Commodities
Eyre Peninsula Integrated Commodities
The service that EPIC provides is to:
• Establish the price discovery process for local EP produce and service
• Product for sale and the location
• Buyer price offerings
• Data Collection
• Platform to match supply to demand
• A trade match or tender service
• Seller and buyer feedback loop on performance through a grower forum
• No advice is given that requires legal indemnity
• All decisions, negotiations and sale transactions occur outside the website
How does GrainXchange work?
• The grower can list warehoused grain for cash contracts
• The grower can list grain stored on farm for cash contracts
• The grower can list grain for forward cash contracts
• There are also cash deferred options you can select
– NPE (“No Price Established”) comparative to a cash pooling product
– CD (“Cash Deferred”) price established negotiated payment
• A target price can be nominated but is not compulsory
• Growers can check the highest daily buyer prices on GrainXchange and
contact us if they wish to sell.
Eyre Peninsula Integrated Commodities
GrainXchange is a service that protects and preserves identity and confidentiality
• Registration is only $250.00 inc annually
– On registration you will receive a password and login number
• Growers can also receive best daily bid via SMS for an extra $33.00inc
annually, just select the best prices update when you register.– This option can be turned on and off as you wish
– You only need to select this option if you wish to receive prices on your Mobile
• No Commission is paid on tonnages sold
Eyre Peninsula Integrated Commodities
GrainXchange - What is the Process:
• Collection of grower’s product for sale through data entries.
• Buyers view the collection and bid through contacting EPIC
• It is your choice to accept or not accept the bid
• If you accept, a trade match is provided by EPIC to the buyer, this contains
information relative to both parties.
• Also growers can monitor buyers bids and contact EPIC to seek a trade
match to the buyer
• The buyer will be contacted to establish if the listed bid is still open
• If the buyer is still seeking tonnes at that price then a trade match will take
place.
Eyre Peninsula Integrated Commodities
On Farm storage:
Information will be available on the website regarding:
• Treatment of grain and quality recording of treatment used and dates
• Correct procedure for sample taking
• KPI recording – working with transport logistics
• On Farm storage inspections prior to out loading are under consideration
Eyre Peninsula Integrated Commodities
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