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Why price data on exchange traded commodities is just the tip of the iceberg.

Posted by minteclimited on Apr 29, 2019 12:00:34 PM

 

Price data for exchange traded commodities is widely available, however this represents only a fraction of the more than 650 commodity types. In addition, this data often does not represent the specific types and sizes that fit the product or retail specification developed by the category manager.

Price volatility can have a significant impact on raw material costs and a better understanding of food commodity prices can help drive procurement efficiency.

With more than 600 non-exchange traded commodities, getting insight into the price information that fits the specification can be difficult.

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Topics: procurement

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