Agiboo, the provider of next generation commodity trade risk management software solutions, today announced that the MSM Trading International has selected Agiblocks Commodity Trade and Risk Management software to support the growth of their business. Agiboo is proud to be able to serve MSM in its sugar trading and merchandising business.
An industry adopted commodity trade and risk management system is important to support our trading activities”, said Ahmad Farid of MSM Trading International, based in Dubai. The specific sugar features and functions, as well as the new technology possibilities makes the Agiblocks proposition unique. – MSM International
The selection of Agiblocks by a global and mature industry player like MSM International confirms that Agiblocks provides an attractive offering for customers looking for CTRM software that support trade, logistics and administrative functionality and also enables them to roll out their international export strategy “ said Bart Kroon, CEO of Agiboo. “MSM International will benefit from deep industry-specific functionality, scalability to grow as the business grows, and a low total cost of ownership. With MSM adding an additional large sugar client and our second client operating out of Dubai this deal confirms both our leadership in the sugar industry and our international growth strategy – Agiboo
About MSM Trading International
MSM Trading International DMCC procures and supplies raw sugar for MSM Group’s requirements. Additionally, it also undertakes sugar trading activities, both in raw and refined sugar. Part of the MSM Group, MSM Malaysia Holdings Berhad (MSM is Malaysia’s leading refined sugar producer. At present, MSM’s production capacity is up to 1.25 million tonnes of refined sugar per annum. In 2015, MSM produced its highest output at 1,033,519 tonnes of refined sugar, of which 17% are catered for the export market. Currently, MSM is supplying up to 65% of the domestic market share.