FX Risk Management for Food

Discover the benefits of using foreign currencies thanks to our FX management solutions designed for companies in the food industry.

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A healthy diet of FX automation to help your business grow

Reduce FX risk and lower your hedging costs with automation tools that take the heavy lifting out of currency management. End-to-end FX risk management allow you to grow your business while keeping full control.

Download our new "Currency Management
Automation for the Food Industry"

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More currencies, less manual work for Food companies

Protect your profit margins and avoid unnecessary markups from suppliers by embracing currencies. Let automation do the work to keep your FX-driven dynamic prices updated and gain a competitive edge without the FX risk.

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Meat

Develop close relationships with your customers with software solutions that automatically and easily process any number of transactions, in as many currency pairs as you need.

Seafood and Fish

Add dynamism to your hedging programs and capture the benefits of dealing in foreign currencies while protecting the business from currency risk.

Fruits and Vegetables

Speak the language of your suppliers and customers and use the power of FX automation to grow your business, with no currency risk.

Meat

Develop close relationships with your customers with software solutions that automatically and easily process any number of transactions, in as many currency pairs as you need.

Learn more

Seafood and Fish

Add dynamism to your hedging programs and capture the benefits of dealing in foreign currencies while protecting the business from currency risk.

Learn more

Fruits and Vegetables

Speak the language of your suppliers and customers and use the power of FX automation to grow your business, with no currency risk.

Learn more

A healthy diet of hedging programs with FX Management automation for Food companies.

Book a demo

Speak with an expert

FAQs about Kantox for the Food Industry

We impose the EUR on our suppliers. Why should we start working in currencies?

Currency fluctuations can hurt your competitive position and margins, even if you impose the EUR on your foreign suppliers.

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For your suppliers outside the eurozone, being paid in EUR involves both a risk and a cost. The risk, first, that their currency will appreciate versus the EUR between the moment they set their prices and the moment they receive payment in EUR. The cost, second, of converting EUR in their domestic currency.

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To cope with this, suppliers typically apply mark-ups on their prices. In the food industry, these mark-ups can sometimes go up to 10%.

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By paying your suppliers in their preferred currency, you can avoid these mark-ups, negotiate better prices, and enhance your margins. With a suitable hedging policy in place, in turn, you can guarantee these margins stay stable.

We only sell in EUR. Why should we start working in currencies?

Only selling in EUR can significantly slow down your growth in international markets. Put yourself in your customer’s shoes: buying in a foreign currency is inconvenient, might be unfamiliar, entails fees from the bank or payment service provider and can involve foreign exchange risk. If your competitors are offering prices in local currencies, you are probably losing out on potential sales.

What currencies does Kantox work with? Does Kantox support exotic currencies?

Kantox supports a wide range of currencies, including exotic currencies. Contact our Currency Management experts to learn if we can help you with your FX needs.

Can a user of Kantox solutions still have some control over the transactions made on the platform or is it all completely automated?

While the platform is designed to automate many aspects of the FX workflow, users maintain control throughout the process.

For example, users can set up different types of hedging rules and select their preferred liquidity providers for trade execution. They can set manual checkpoints at each phase of the FX workflow, or define time-based, volume-based or currency-based triggers that mandate a manual validation. In addition, they can rely on real-time reporting dashboards to monitor their exposure and hedge book.

How can Kantox help me price dynamically in international markets?

Kantox’s Dynamic Pricing helps companies automatically update prices based on currency market movements. The tool can be set-up in a variety of ways, enabling pricing teams to achieve their desired objectives.

Can Kantox solutions integrate with any ERP or TMS system, and how?

Kantox uses API integration to connect with your data systems. API connectivity allows the Kantox platform to receive information from data tools such as ERP, TMS, MDP, booking engine, etc in real time.

How can companies manage risks when operating in exotic markets with diverse currencies?

Kantox supports non-major currencies where liquid and well-functioning Non-Deliverable Forwards (NDFs) are available. Companies can:

Price with forward rates to mitigate risks.
Use flexible hedging setups to delay execution and lower costs.

These solutions provide the flexibility to operate confidently in exotic markets.

Why does a company need automation in their FX hedging process if they already hedge their Sales Orders and Purchase Orders?

A company needs automation in their FX hedging process because it can help them to:

Reduce FX risk: Automation removes currency risk with very precise balance sheet and cash flow hedging programs.
Reduce costs: Automation reduces FX hedging costs by reducing the forward point impact and connecting to Multi-Dealer platforms.
Improve accuracy: Automation can help to improve the accuracy of FX hedging by using a market-based approach.
Increase efficiency: Automation can help to increase the efficiency of FX hedging by streamlining the entire workflow.

How does Kantox handle cancellations or modifications?

Kantox offers several options for managing modifications:

Triggering a swap or defining a cancellation rate.
Processing negative entries to adjust previously recorded transactions.

These flexible solutions adapt to evolving needs of companies in the Food industry.

How does Kantox address the issue of unreliable forecasts in the food industry?

Thanks to our innovative static hedging strategy businesses delay hedging decisions, allowing them to refine their forecasts as the year progresses and uncertainties like weather conditions or harvest yields become clearer.

A healthy diet of FX automation to help your business grow

Download our new "Currency ManagementAutomation for the Food Industry"

More currencies, less manual work for Food companies

A healthy diet of hedging programs with FX Management automation for Food companies.

FAQs about Kantox for the Food Industry

Book a session with one of our FX Specialists

Download our new "Currency Management
Automation for the Food Industry"

Book a session with
one of our FX Specialists