The company’s new risk management tools are designed to help customers as they price their cocoa ingredients.
Cargill (Amsterdam, The Netherlands) has introduced three new tools for managing cocoa price risks to its portfolio of Price Risk Services to help protect new and existing customers against sudden increases in cocoa prices, yet preserve the potential benefit of a discount if the price falls before physical shipment:
Tom King, Cargill’s customer risk manager, explained that CocoaPacer, CocoaPacer Cap, and CocoaRange Cap are built on Cargill’s long history of trading agricultural commodities, and were “straightforward, transparent” tools help customers “spend less time and energy debating an array of risk management decisions.”
The new tools are built into existing customer contracts and are meant to be used in concert with traditional pricing approaches.
The Nutritional Outlook Podcast Episode 33: Keeping up with contract manufacturing
July 26th 2024Nutritional Outlook talks to Lauren Samot, commercial innovation leader, and Blayney McEneaney, sales executive at Vitaquest International, about trends within the contract manufacturing space, and the ways in which contract manufacturers like Vitaquest keep up with the market and differentiate themselves from the competition.