Geneva, Switzerland – Covantis announced today that over 310 million metric tons of agricultural commodities have been executed through the platform since March 2021. In 2022 Covantis captured in Brazil a market share of 70% for Soybeans, Corn and Soybean Meal.
80% of all volumes nominated by charterers have been passed through the string up to the shipper, enabling efficiency in post trade execution processes.
Ranging over 30 agri firms across 100 legal entities, Covantis has been used for execution of over 1’600 vessels from Brazil origin. The execution network is supported by dozens of Global Agri firms, but as well by local Brazilian companies such as Agraria, Agribrasil, Amaggi, ALZ, Caramuru, Coamo, Copacol, Fiagril and Nova Agri, with many joining in the last months.
“We are looking forward to further expand our network in order to digitalize the Brazilian agri market.” said Sorin Albeanu, Head of Commercial.