Covantis expands into new markets and commodities
The platform is helping to reduce inefficiencies and risk in global trade, with the majority of the exports from Brazil, the US and Argentina conducted via the Covantis platform in 2023.
Covantis is expanding globally with a new presence across European, Australian and South African grains and oilseeds and the global vegetable oils market.
Covantis helps businesses globally to execute all of their vessels in the agriculture space in one platform. It connects all relevant parties buying and selling agricultural commodities across the supply chain in one ecosystem and digitalizes the execution process that is typically performed through email and phone. With Covantis, processes are automated and standardized and risk is reduced.
As part of its global expansion, the company is now covering the largest export markets for vegetable oils – including Rapeseed Oil, Sunflower Oil and Soybean Oil – coming out of North America, South America, and Europe.
Petya Sechanova, CEO of Covantis, said that “this launch marks a pivotal moment for Covantis. Our platform transcends borders to empower agricultural trade on a global scale, helping speed up document presentation, reduce the risk of errors, and automate processes. We have cultivated a network of 44 agricultural groups and over 200 legal entities and now completed the expansion into the key origin markets for grains and oilseeds.”
