29st January 2017,
Since our company’s inception, WISTHEM has typically been associated with the buying, selling, and trading of energy-related physical commodities, such as ethanol, natural gas, coal, crude oil, and naphtha. Yet as we grow as an enterprise and expand into new regions, the opportunity to enter new markets presents itself.
WISTHEM is pleased to announce that as of the first quarter of 2018, we have opened a new commodity department that will deal in the trading of soft commodities. This comes on the heels of two new subsidiaries, one in the United Kingdom and another in the city of Kinshasa in the Democratic Republic of the Congo (Interactive Energy DRC SA).
For those who may be unfamiliar with the term, “soft commodities” is the attribute given to commodities that are grown, such as wheat, soybeans, corn, coffee, cocoa, and sugar-as opposed to “hard commodities,” which are typically those that are mined, like iron ore, precious metals, and crude oil. For Interactive Energy, with our experience as a physical distributor, extending the business to agricultural commodities is a natural extension for our established trading and shipping practices.
WISTHEM’s soft commodity department will deal in a variety of agricultural products, including but not limited to:
The agriculture industry is one of the most demanding in the world because its goods meet the basic needs of all people-primarily, food and the by-products thereof. The ebb and flow of agriculture plays a substantial role in both the world economy and that of individual nations; it is the backbone of economic stability in many regions.
Furthermore, in recent years a segment of agricultural production (a relatively small proportion, comparatively) has been allocated to the production of biofuels. Thanks to technological advancements in the automotive and aerospace industries, biofuels can be created from organic matter (rather than geological processes, like fossil fuels) and used to power vehicles. These relatively new types of energy represent a renewable resource that burns cleaner than traditional fuels, and are typically made from soy, sugar cane or corn (as ethanol is derived).
WISTHEM is looking forward to a socially and environmentally responsible future in which agricultural products equate to not just a food supply, but a source of renewable energy. By working with farmers, farming cooperatives, local exporters, and global merchants, we anticipate healthy returns and low volatility in the soft commodities market.