Negotiate prices effectively reduce supply chain costs and boost your bottom line.
Do you have reliable agricultural commodity price forecasts to underpin your sourcing decisions?
Turn to Pricing & Purchasing from IHS Markit for accurate forecasts of agricultural commodity prices, including crops, livestock, sweeteners, dairy as well as processed foods. Leverage our cost models to improve your negotiating position. Utilize our expertise to build a cost picture that includes wages, transportation, packaging and overhead. For more than 40 years, our team has assisted the purchasing community with critical data, expert insight and proven forecasting models on the world’s agricultural markets and the key factors that drive them.
Food processors, wholesalers and retailers leverage our solutions to:
- Obtain more accurate price estimates than broad inflation rates or historical trends
- Monitor prices and pinpoint the best times to make key purchases
- Evaluate supplier price quotes based on input costs and supplier margins
- Negotiate contract escalation clauses
- Benchmark purchasing performance
- Prepare budgets and financial reviews based on accurate price data