TonnUp Is A Start-Up That Enables Farmers To Better Manage Their Products
TonnUp Is A Start-Up That Enables Farmers To Better Manage Their Products. TonnUp was born to answer a real and urgent need in the agricultural commodities market. TonnUp is an open trading platform that specialises in commodity trading and storage, while empowering users to take control of their products safely and securely. Previously, farmers lacked the ability to manage the trading of their own products. They were hit with various costs along the way, which ultimately meant that farmers were constantly getting the short end of the stick.
TonnUp is the solution – empowering farmers to manage their own products at a fraction of the cost. Affordable, transparent and simple, with TonnUp clients can manage their commodities from anywhere at any time. TonnUp storage accredited sites comply with a rigid set of rules and regulations. These include: cloud based technology that allows on farm storage sites as well as bunkers and large cement silos, transparent and clear rules for storage operators, regular silo checks and audits, which are available to clients for review and smart devices that sit on silo roofs, scanning the contents in real time.
With TonnUp clients can decide when to hold, buy, or sell, and up-to-date information makes the market more efficient and accessible to clients, all digital with no admin. Through smart devices, TonnUp allows its clients to monitor commodity prices and volumes, accurately and in real time, no expensive data feeds and complex computers. That means they are always aware of what’s available for trading.
TonnUp producers now have the potential to negotiate a better price for their product. In consultation with their brokers or silo owners, the producer can “offer” his receipts onto the system for a premium over and above the market price. The offer therefore will represent the premium per ton price for stock in the specific silo.
Buyers on the other hand, i.e. miller and processors, will be able to bid regardless of whether or not there is already stock on offer, at all registered delivery points at a premium per ton basis. This is quite a big improvement on the current delivery system. A further plus for the buyer is that he is now in a position to bid for the preferred delivery location from where he can receive his grain should he be successful.
