March 3, 2020 (SILVER SPRING, MD) – Mercaris continues its initiatives to match buyers and sellers of organic cream, with its first auction of 2020 held Feb. 26.
Wednesday’s event featured strong participation, with the number of participants tripling from its Q4 2019 auction. It also marked the first live auction for Mercaris, with a full order stack, multiple sellers participating and a narrowing bid/ask spread throughout the event.
“One of the big benefits of this is better price transparency,” said Lizzie Ekeberg, Director of Market Operations at Mercaris. “Wednesday’s auction provided valuable market insight about where industry participants are offering organic cream, with company identities held confidential.”
In 2019, Mercaris oversaw trade of nearly 100,000 pounds of organic cream in quarterly auctions through its online platform. Mercaris will hold three more organic cream auctions this year, with the Q2 auction projected for late May.
“We’re continuing to see an increase in participation, and we’re excited to build on that throughout 2020,” Ekeberg said.
Auctions are in real-time, and all offers and bids are visible. Participants include dairy processors, brokers, food companies and more.
For more information, visit Mercaris.com.
Since 2013, Mercaris has been helping its customers capitalize on the growing demand for organic and non-GMO foods by providing market access and services tailored to the needs of the identity-preserved agriculture industry. Mercaris focuses its data and services on identity-preserved commodities, including organic and non-GMO corn, soybean, meal and organic wheat, and other small grains markets across all regions of the United States and Canada, and recently launched an organic dairy initiative. Mercaris also maintains an online Trading Platform, a pioneering tool that enables buyers and sellers to find new markets and more profitably trade organic and non-GMO commodities.
|Media Contact: Matt Merritt||[email protected]||(605) 370-9959|