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JustCommodity wins first cocoa customer in Indonesia

JustCommodity Software Solutions, the leading Commodity Trading and Risk Management (“CTRM”) software solution provider, announced today that BT Cocoa (PT Bumitangerang Mesindotama), through its international trading arm Agrohub Commodities Pte Ltd (“Agrohub”), has selected ContraXCTRM to address its trading and risk management requirements.

“We have established ourselves as a leader for CTRM solutions in the edible oil space, and JustCommodity has been steadily moving in to other verticals in the soft commodity sector.” said JustCommodity’s CEO, Joel Lou, “BT Cocoa is a big win for us moving forward as we develop our presence in Indonesia .”

BT Cocoa is one of the largest cocoa processing companies in Indonesia, serving numerous international and local clients.

“We were impressed with the flexibility and user friendly performance of ContraXCTRM.” said Daniel Wijaya, a trader for Agrohub, “Coupled with its track record with other soft commodity traders, we are confident that we have made the right choice for our business.”

JustCommodity’s ContraXCTRM software, already being used by over twenty Oilseeds and Edible Oil companies including the IOI, KLK, Sime Darby and Unimills, will help BT Cocoa consolidate and manage all positions and exposures across legal entities, geographies and commodities. The company started its Indonesian operations in 2011 and is well positioned to promote its products and services in Indonesia – the world’s second largest producer of cocoa beans.

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by S. C.
28 july 2012, World News > Asia