SINGAPORE – Fastmarkets, a London, UK-based price reporting agency (PRA) serving the metals, mining, forest products, energy transition and agriculture markets, acquired Palm Oil Analytics, a Singapore-based provider of prices, data and news on palm oil and its derivative products.
The amount of the deal was not disclosed.The acquisition expands Fastmarkets’ presence in agriculture, building on recent acquisitions of AgriCensus in 2020 and The Jacobsen in 2021. The company will accelerate plans to support trade and investment decisions across vegetable oil markets, including in biofuels and renewable energy markets. Led by CEO Sathia Varqa, Palm Oil Analytics is an independent online publisher of palm oil market news, prices, data and analytics. The company offers reporting and insight on palm oil and its derivatives products to the global market. The business publishes two market reports every day, covering key reference prices, news and analytical pieces, and hosts comprehensive datasets under its products Palm Price Tracker and Palm Data Tracker.Led by CEO Raju Daswani, Fastmarkets is a price reporting agency (PRA) and information provider for global commodities, offering price data, news, analytics and events for the agriculture, forest products, metals and mining, and new generation energy markets. Its data is used by customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. It has more than 500 employees spread across global locations in the UK, US, China, Singapore, Brazil, Belgium and Finland. Fastmarkets is an Astorg portfolio company.06/02/2023
