Agrifood price reporting and intelligence business Expana has launched a new pricing platform for food and drink businesses it says “delivers the world’s most comprehensive food commodity database”.
The new, fully integrated pricing platform brings the legacy systems of Expana’s group of businesses, including Mintec, Urner Barry and Feedinfo into a “seamless” piece of software that offers retailers and food manufacturers “actionable intelligence for today’s volatile markets”, the business claimed.
As the largest agrifood-focused price reporting agency in the world, Expana said it was “the only platform covering the entire food value chain, from agricultural inputs to finished food products”.
Its new platform offered International Organization of Securities Commissions-assured pricing, Expana added, giving users predictive analytics, cost modelling and expert analysis, and allowing them to “contextualise market movements, justify price changes internally, challenge supplier claims and stay ahead of supply disruptions”.
Buyers and sellers “could lock in better prices, create more accurate budgets, and navigate risks and supply shocks with confidence”, Expana claimed.
Its platform provides access to more than 1,500 forward-looking price forecasts generated through a combination of human expertise and AI, “enabling businesses to act decisively and outperform competitors”.
This helped users “make smarter decisions on when to buy or sell and how to plan production and investment with minimal exposure to market surprises”, it said.
Expana’s AI-powered cost models further enhanced visibility – within minutes – by breaking down the complex cost structures of finished goods, allowing users to uncover hidden margin opportunities, engineer cost-effective formulations and gain a deeper understanding of true input costs.
“Expana isn’t just data – it powers better decisions,” said CEO Spencer Wicks. “It gives companies the clarity to act fast, act smart, and win.”
And in a world where supply chains were under pressure and information gaps could cost millions, the platform gave companies “foresight to turn volatility into opportunity, spotting inflection points early, securing supply chains and making faster, more confident decisions”, Wicks claimed.