Data isn’t modern. The agricultural sector has been generating data for thousands of years. So how do suppliers, buyers, and traders find commodity data? Popular data providers like Bloomberg and Thomson Reuters have excellent coverage of large commodity groups like oil and gas, metals, bulks and more. But when it comes to data on commodities like dairy and sugar for example, that data is found in government databases, newsletters, or you have to call someone.
Vesper’s founder, Alexander, lived this reality in the dairy world. He hung up his telephone after eight years of trading at a leading global diary trader to found Vesper and build the single source of dairy data truth. In dairy alone, they track over 150 products. Beyond that, they cover sugar, edible oils and fats and will expand into additional commodities.
Vesper aggregates data from various sources into an easy-to-use platform and enriches it with price forecasts using artificial intelligence. Yes, Vesper really puts the AI in dairy. Their powerful tool supercharges users, at brands like Unilever and Nestlé, in their procurement decisions with proprietary intelligence. A pretty Gouda reason to invest!
