May 24, 2022

Brazilian grain and oilseed exporters adopt Covantis

Covantis announced this month that over 310 million tonnes 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, according to Covantis.

Ranging over 30 agri firms across 100 legal entities, Covantis has been used for execution of over 1,600 vessels of Brazilian origin. The execution network is supported by dozens of global agri firms as well as Brazilian companies like Agraria, Agribrasil, Amaggi, ALZ, Caramuru, Coamo, Copacol, Fiagril and Nova Agri.

"We are looking forward to further expand our network in order to digitalise the Brazilian agri market," said Sorin Albeanu, Covantis' head of commercial. 

- Covantis