Changing agricultural prices: How reliable data can strengthen your procurement strategy

Price fluctuations have long been part of everyday life in the agricultural and food industry. There are many reasons for this: weather events, geopolitical tensions, stock market quotations and global shifts in demand make it difficult to plan reliably. This makes access to structured, up-to-date and market-oriented price data all the more important - especially meaningful procurement data and reliable product pricing data. This is precisely where the agricultural database from costdata® comes in.

Global market data for well-founded decisions

The database provides comprehensive information on commodity prices and product values from the agricultural sector. It contains agricultural data on basic materials such as grain, oilseeds and animal products as well as processed products. Price trends are recorded and analyzed both at national level and on international markets - including stock exchange data. Futures data, i.e. information on future trading and price developments, is also part of the portfolio.

The combination of current market data and historical price development provides companies with a solid basis for recognizing trends at an early stage and adapting their strategies accordingly. Whether for market analysis, cost control or supplier evaluation - data-based decisions become a matter of course.

From cost planning to supplier selection

Data provides decisive added value, particularly in the area of strategic procurement. With access to consistent procurement data, purchasing departments can make realistic comparisons and critically evaluate supplier offers. At the same time, product pricing data enables precise cost planning, for example as part of target cost analyses or when evaluating alternative raw material options.

Structured access to agricultural data also opens up new possibilities for controlling, supply chain management and product development. Prices are no longer estimated, but calculated precisely. The result: greater transparency, lower risks and better planning along the entire value chain.

Flexible, comprehensible, practical

The options for using the database are diverse and scalable. Companies can choose between a one-off data purchase, monthly or annual licenses or usage-based models. This means that the solution can be adapted precisely to individual requirements - regardless of whether it is for regular market monitoring, short-term project work or long-term procurement optimization.

There is also the option of requesting a free demo or a sample data set. This allows you to test how the data can be integrated and used in existing structures without risk.

Added value through experience

The offering is based on costdata®'s decades of experience in the preparation of cost, market and benchmark data. The agricultural database is part of a comprehensive data portfolio that includes commodity prices data as well as specific modules for electronics, metal processing and plastics technology. The focus is always on transparency, up-to-dateness and practical applicability.

Conclusion: Stronger decisions through better data

If you want to be successful and future-oriented in the agricultural sector, you need more than just a gut feeling - you need reliable data. The agricultural database from costdata® gives companies access to high-quality agricultural data, detailed product pricing data, precise procurement data and well-founded futures data. This combination enables better market observation, realistic price estimates and optimized procurement strategies.

➡️ Find out now, secure a demo and make better decisions with data-based planning.

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