Our methodology
Expana is the benchmark for reliable and impartial proprietary price assessments in the agrifood space through its robust and transparent IOSCO-assured methodologies.
Our process
Our commitments
Independent
We provide unbiased price assessments that reflect the prevailing market value of a wide range of agricultural commodities.
Reliable
We apply our published and IOSCO-assured methodology rigorously and consistently to all our proprietary price assessments.
Specific
We provide specificity and granularity around product grades and delivery terms, with full details for each market available in our Price Assessment Specification Guides.
Transparent
All our methodologies and specifications are published on our website, free for anyone to view. We always welcome feedback and at least once a year we reach out to the whole industry to actively ask for feedback. This is to ensure Expana always represents the market accurately and that the voice of the industry is heard.
Accurate
We can rely on over 200 years of price reporting experience, and as the oldest PRA in the world we have unrivalled expertise to ensure you’re benchmarking your business against best-in-class information.
Accountable
Our price assessment process is subject to annual review by an external auditor to ensure that it remains aligned with the IOSCO principles for Price Reporting Agencies.
Specifications
Expana publishes detailed specifications for all its proprietary price assessments.
Publishing schedule
Expana publishes its proprietary price assessments according to predefined schedules.
Market announcements
Expana issues market announcements about changes related to the markets it reports on.
Corrections
Expana commits to prompt correction of any errors related to its proprietary price assessments.
IOSCO compliance
Expana’s proprietary price assessment process is aligned with the principles set out by IOSCO.
Complaints
Expana has a procedure for handling formal complaints about its proprietary price assessments.