ProducePay offers Daily Market Report tool
With more than 307 commodities available to track, Los Angeles-based ProducePay is finding many of its users are taking advantage of the company’s Daily Market Report (DMR).
More than 40,000 users receive the DMR emails every week, according to a news release.
The reports highlights market conditions for individual fresh produce commodities and also drive users to marketplace listings of those commodities, according to the release.
ProducePay has developed its Monday through Friday Daily Market Reports with internal expertise, according to the report.
“We have a specialized technical team that verifies and validates the information in real-time through a robust system developed in-house,” the release said. “Our team is integrated by specialists in agricultural production and international trade, systems analysts, risk, finance and logistics, who work together to generate the information on agri-food products for which you need visibility.”
The DMR includes reference information, including the price compared with a day ago and week ago, movement versus last week and last year, and relevant weather alerts from produce growing regions, according to company.
The reports are available for no cost to users, according to the release.
Users can generate a personalized list of products to track with the DMR, with prices available from both the shipping point regions and terminal markets, according to the release.
The reports also track the volume and source of fresh produce volume entering the U.S. market.
“The best way to overcome the uncertainty involved in trading perishable products whose prices are constantly changing is to have key information that provides visibility on what could happen in the short term, which is the level of visibility that an agribusiness exporter requires to operate efficiently, avoiding surprises for not being aware of what is happening,” the release said.