Categories: Stories

AntModity launches physical commodity exchange for spices & tea

AntModity, a trading platform for spices & tea has announced its new online exchange. The problem it is solving? Bringing transparency, efficiency, and technology to a centuries-old market that still relies heavily on traders/brokers.

“Today, spice & tea producers in developing countries often sell to local and regional traders, leaving a lot of money on the table due to market inefficiencies and limited transparency,” Ananda Piyankara, co-founder at AntModity  “We have redefined the trade of spices and tea, streamlining the complex, slow, and expensive, and eliminating the need for traders. Our digital, online platform allows end-buyers to source their spices & tea directly from producers at the lowest price— increasing efficiency, transparency, and, most importantly, profits.”

The platform currently focuses on Ceylon cinnamon powder, quills, quillings, pepper, clove, and Ceylon tea. In addition to the transaction platform, AntModity offers quality control, freight forwarding, and insurance.

 

Ranil Liyanage

Share
Published by
Ranil Liyanage

Recent Posts

WHAT IS THE DIFFERENCE BETWEEN EXPELLER-PRESSED COPRA OIL AND COLD-PRESSED COCONUT OIL?

When it involves buying copra oil, there are many options out there. To be sure…

5 months ago

THE USE OF COCONUT FIBER GEO-LOGS AND GEOTEXTILES IN ENVIRONMENT CONSERVATION

With annual economic losses growing thanks to deforestation and land degradation, the planet is fighting…

5 months ago

MORE VALUE ADDITION WILL DRIVE THE EXPANSION OF SRI LANKAN COIR INDUSTRY

Since the introduction of commercial coir manufacturing within the country within the 1900s, Sri Lankan…

5 months ago

COCONUT MILK AND CREAM: OFFERING THE CORE NUTRIENTS FOR LIFE

Coconut and coconut-based food products are oscillating between good fat and bad fat groups for…

5 months ago

THE COCONUT TREE, THE WONDER TREE OF SRI LANKA

Coconut is additionally one among Sri Lanka’s three major export crops, bringing home a total…

5 months ago

This website uses cookies.