Latest news with #NaturalRubber
Malay Mail
4 days ago
- Business
- Malay Mail
Agridence Transitions to Founder-Led Governance, Secures Global Investment to Accelerate Multi-Commodity Compliance Platform
Additional funding allows Agridence to better deliver its traceability modules and ESG solutions across agri-commodity sectors globally. Natural Rubber : The Global Platform for Sustainable Natural Rubber (GPSNR), whose members represent about 50% of the global market, uses Agridence's reporting platform for annual sustainability data submissions. : The Global Platform for Sustainable Natural Rubber (GPSNR), whose members represent about 50% of the global market, uses Agridence's reporting platform for annual sustainability data submissions. Palm Oil: Agridence powers the RSPO Certification, Trade and Traceability System (prisma), supporting RSPO Certified Palm Oil trades and Sustainable Palm Oil Credits. This initiative went live in February 2025, with nearly 20,000 users expected on the system. Agridence powers the RSPO Certification, Trade and Traceability System (prisma), supporting RSPO Certified Palm Oil trades and Sustainable Palm Oil Credits. This initiative went live in February 2025, with nearly 20,000 users expected on the system. Coconut: As the technology partner for the Sustainable Coconut Partnership's SCP Links platform, Agridence is simplifying sustainability reporting, digitizing audits, and increasing transparency. As the technology partner for the Sustainable Coconut Partnership's SCP Links platform, Agridence is simplifying sustainability reporting, digitizing audits, and increasing transparency. Cocoa: The company is driving smallholder inclusion through mapping programs across Africa. SINGAPORE Media OutReach Newswire - 13 August 2025 - Agridence Pte. Ltd. ("Agridence"), a Singapore-based technology leader in digital agri-commodity supply chains, today announced a funding round led by Cercano Management and supported by returning strategic investors EXEO Innovation Fund and Provident. This will empower Agridence to rapidly scale its multi-commodity compliance platform to help its customers by tackling industry-wide challenges such as supply chain opacity, sustainability risks, and fragmented smallholder Gerald Tan, who led Agridence's development since its inception in 2018, has invested additional capital to solidify his position as founder and the single largest individual shareholder of the company. This transition from a corporate venture-built startup to a founder owned and led enterprise underscores Tan's commitment to delivering value to Agridence's Gerald Tan, CEO and Founder of shift to an independent, founder-led model provides better alignment and allows Agridence to address a critical industry need for a truly neutral technology platform that serves all stakeholders without corporate bias." said Yu Minjie, Managing Director at Cercano has evolved from its roots in digitizing physical natural rubber trades to delivering a comprehensive, multi-commodity platform for global MNCs and industry associations. Recent milestones include:Interest is also growing in coffee, cashew, sugarcane, and other sectors. The new funding will accelerate Agridence's go-to-market strategy, supporting entry into new commodity verticals and geographic markets through strategic partnerships and Tan Lim Swee Yong, CEO of EXEO Innovation Fund #investment #impact #globalagrisupplychains #multicommoditysolution #traceability #governance The issuer is solely responsible for the content of this announcement. About Agridence Agridence is a Singapore headquartered agri-tech platform that digitises global agri-commodity supply chains to deliver end-to-end traceability, ESG compliance, and sustainability reporting. Our cloud-native, API-ready software combines AI analytics, geospatial mapping and mobile application data capture to monitor natural rubber, palm oil, cocoa, coconut and other crops end-to-end. Multinational companies, traders, processors and smallholders rely on Agridence to be compliant with the European Deforestation Regulation (EUDR), RSPO, GPSNR and other certification and assurance models. By embedding technology, trust and transparency at scale, we help the agri-commodity sector reduce deforestation risk and build resilient, low-carbon, socially responsible supply chains. The Agridence ecosystem unlocks: Real time supply chain transparency and chain-of-custody tracking Automated environmental, social and governance (ESG) risk analysis Smallholder onboarding and digital payment workflows API integrations with ERP, trading and certification systems By turning complex compliance into competitive advantage, Agridence helps enterprises de-risk sourcing, protect forests, and build a more resilient, sustainable agriculture our agri-commodity compliance platform at , email [email protected] , or follow us on LinkedIn at About Cercano Management Cercano Management is a multi-family office that provides investment advisory and other services to select business owners and their families, foundations, charitable organizations, and related entities. Headquartered in Bellevue, Washington, Cercano manages over US$10BN in global assets as of December 2024 across venture capital, private equity, private credit and public equity strategies. Cercano's Asia headquarters in Singapore focuses on early-stage and private investments and has invested in 30 companies in the region since its inception in July 2019.
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Business Standard
17-07-2025
- Automotive
- Business Standard
Tyre stocks in demand: JK Tyre, Apollo rally up to 4%, MRF hits new high
Tyre companies' share price today Shares of tyre companies rallied up to 4 per cent on the BSE in Thursday's intraday trade, in an otherwise subdued market, on expectation of a healthy operational performance going forward. JK Tyre & Industries, Apollo Tyres, and Balkrishna Industries rallied 4 per cent each in the intraday trade. Ceat and TVS Srichakra shares, meanwhile, gained 2 per cent, while MRF share price hit an all-time high of ₹153,000 in the intraday trade today. In comparison, the BSE Sensex was down 0.24 per cent at 82,434 at 11:11 AM. In the past one month, these stocks have outperformed the market by gaining between 4 per cent and 13 per cent, as compared to a 1-per cent rise in the benchmark index. Tyre sector outlook in India International Natural Rubber (NR) prices have corrected in the last two months, and are currently trading at a discount to domestic NR prices. While crude prices have corrected to $65/barrel, crude derivate prices are yet to reflect this fall (expected to correct with a lag). Industry players expect the recent correction in the raw material basket to benefit favourably from the latter part of Q2FY26 (RM basket is expected to remain flattish during Q1FY26), said analysts at ICICI Securities in a company update. "RM outlook is flattish in Q1 and Q2 vs earlier expectation of benefit from Q2. Margin gains could accrue from second half of Q2 provided commodity prices soften further," according to analysts at Emkay Global Financial Services. In PCR (replacement) segment, Bridgestone leads with ~22 per cent share and premium pricing (index 100), followed by Apollo Tyres at ~17 per cent share (price ~85–86), and Ceat at 16 per cent share. In the consolidated TBR (truck, bus and radial tyres) market (MRF, Apollo, and JK are ~75 per cent of the market), Ceat holds ~10 per cent, the brokerage firm said. Meanwhile, looking ahead, Balkrishna Industries expects to sustain its growth trajectory through continued recovery in Off-Highway demand and the progressive rollout of Premium Passenger Car Radial (PCR) and Commercial Vehicles Radial (CVR) tires. "Financial projections indicate stable blended margins in the range of 23 per cent to 25 per cent, following full-scale commercialisation. With optimised capacity utilisation, a strong balance sheet and a net cash position," Balkrishna Industries in its FY25 annual report said that the company is well-equipped to scale in a responsible manner and strengthen its global market presence. Commercial vehicles growth will continue to be muted in FY26 as in the previous year. As per Society of Indian Automobile Manufacturers (SIAM) estimates, passenger vehicles are expected to grow in low single digits. Also, unless entry level vehicle sales pick up, volume growth will be difficult in this segment. Two wheelers should continue to grow based on demand pick up in the rural economy. Considering the good monsoon, tractor sales should continue to grow as in the previous year. Impact on tyre Industry would also be similar as outlined above, MRF said in its FY25 annual report. India's low reliance on external demand is expected to shield the country from trade and tariff uncertainties, on relative terms. A significant portion of MRF exports is in services which are not expected to be hit by tariffs. Concluding trade deals with various countries, supply chain realignments and moderation in commodity prices would be a positive for India's growth. India's service exports and foreign inward remittances will provide a cushion against trade volatilities, MRF said.
