FAQs
Expana is not involved in buying or selling commodities, and as such Expana does not benefit regardless of whether market prices go up or down. Therefore, Expana has no incentive to make assessments that do not reflect the true value of the market.
Expana confirms the price points it receives with sellers, buyers, and traders to give all sides of the market a chance to comment on price behaviour. Expana makes its data points available for review upon request and encourages people to contact us if they disagree with a price assessment.
Our proprietary pricing is based on robust pricing procedures that use clearly defined methodologies and price specifications. Our assessments are validated through our external IOSCO audit to ensure the highest quality and compliance. On top of this our methodology adapts as market conditions change because Expana Benchmark Prices follow the true physical market. Markets are dynamic and so is our methodology. You can find more information about our procedure on our Methodology pages.
Expana actively engages with a wide range of organisations from across the globe to reach not only the biggest players in the industry but also smaller and family run businesses.
As part of the price discovery process Expana market reporters will reach out to industry participants on a daily basis to collect price trends and market movements. People contacted by our team are buyers, sellers, traders, brokers and anyone else with relevant market information.
Expana welcomes price inputs from any industry participant that has relevant, non-speculative, information. Anyone wishing to participate in the EBP process can email us at [email protected].
Specially trained and experienced market reporters engage with the industry every day to identify price and demand/supply movements. Our market reporters speak to a wide range of industry participants ensuring a balanced discussion with the buy and sell side of the market. Price points obtained are cross checked to ensure validity.
For over 200 years Expana has been providing transparency for the commodity world and continues to improve the transparency of commodity markets. Many of the Expana Benchmark Prices cover opaque or illiquid markets making it difficult and costly for buyers and sellers to understand price behaviours and procure efficiently. Expana offers a trustworthy solution for this.
Expana Benchmark Prices (EBP) are Expana’s proprietary prices and the bellwether product for understanding price movements in their respective markets. EBP are based on a robust and tested methodology that is freely available to read in our Methodology section. Price points are collected by our market reporters and every data point is verified to ensure that the Expana Benchmark Prices are accurate, reliable and transparent.
Businesses can get started with Expana’s services by contacting their sales team or visiting their website to learn more about their offerings and discuss their specific requirements with a representative.
Yes, Expana’s commodity market intelligence is designed to cater to the needs of businesses of all sizes, from small and medium enterprises to large multinational corporations.
Yes, Expana offers integration options with other systems and software through APIs (Application Programming Interfaces), enabling seamless access to its data and insights within existing workflows.
Yes, Expana’s platform is designed to be user-friendly, with intuitive navigation, customizable dashboards, and interactive visualization tools to help users analyze data and extract insights easily.
Expana employs a rigorous validation process to ensure the accuracy and reliability of all its data. Expana is also the largest IOSCO assured Price Reporting Agency in the agrifood sector; you can find more information in our Methodology section
Yes, Expana provides forecasting services to help businesses anticipate future price movements and market trends, enabling them to plan and optimize their procurement and production strategies. Our Forecasting business is separated by an ethical wall from the Price Reporting business
Yes, Expana offers customized market analysis and insights tailored to the specific needs of its clients, including supply chain analysis, price forecasting, and market trend analysis.
At Expana, our price reporting is designed to support your business with accurate, transparent, and timely information. Here’s a non-exhaustive list of how it can benefit your operations:
- Informed Decision-Making: By accessing real-time and historical price data, you can make well-informed decisions about buying, selling, and trading commodities. This helps you optimize your procurement strategies and enhance profitability.
- Risk Management: Accurate price reporting allows you to identify market trends and anticipate price fluctuations, enabling you to mitigate risks and manage volatility effectively.
- Competitive Advantage: With comprehensive market analysis and price transparency, you gain a deeper understanding of the competitive landscape. This empowers you to develop more effective strategies and stay ahead of your competitors.
- Cost Efficiency: By leveraging our price points and associated market rationales, you can negotiate better deals and manage costs more efficiently, ultimately improving your bottom line.
- Strategic Planning: Historical price data and market insights support long-term strategic planning, helping you anticipate trends and align your business goals with market opportunities.
For more details, please refer to our methodology section.
Price reporting involves the publication of prices for various commodities in different markets. Expana provides price reporting through its online platform, offering access to real-time and historical price data. See the section on price reporting.
Expana updates its commodity market data up to several times a day, but this is depending on the frequency of price movements and market dynamics.
Commodity market intelligence refers to the collection, analysis, and dissemination of data and insights related to commodity markets, including prices, supply and demand dynamics, market trends, and other relevant information.
You can contact Expana through our website’s contact form or reach out to our sales team directly for inquiries, demos, and support.
Yes, Expana prioritizes data security and confidentiality, employing industry-standard encryption protocols and robust security measures to protect customer data.
Expana sources data from trusted providers, exchanges, and industry experts, and employs rigorous validation processes to ensure data accuracy and reliability.
Expana offers comprehensive customer support, including technical assistance, training, and ongoing updates to ensure the smooth usage of Expana.
Yes, Expana offers trials and demos of Expana to interested businesses. Please contact our sales team for more information.
