More News - Company News

Dedere in Kazakhstan: welcome to the future of commodity trading

February 19, 2020 11:32 AM, Der AUDITOR
Summit in the building of the accreditation body.
Live on Atameken Business: Josef Fischer, Michael Gütlich and Marat Tushanov (left to right).
The Dedere delegation participates in a meeting with Dr Albert Rau and others.
Summit in the building of the accreditation body.
Play report as audio

SEEHEIM-JUGENHEIM/NUR-SULTAN. Invited by the Ministry of Trade and Integration in Kazakhstan, a delegation of the Dedere Deutschland GmbH visited Nur-Sultan at the end of January to participate in talks on the digitisation of commodity trade.

Michael Gütlich (CEO), Thomas Bull (CFO) and Josef Fischer (partner) were accompanied by the traders Serik Zhumabayev and Marat Tushanov, who acted as interpreters. Zhimabayev was also responsible for the organisation and coordination.

The Dedere delegation held several talks with important political and economic representatives. These included meetings with Gabit Mukhambetov (Chairman, National Centre of Accreditation), Timur Onzhanov (Managing Director, Astana International Finance Centre) and Dr Albert Rau (MP, Mazhilis, Lower Chamber, Parliament of the Republic of Kazakhstan).

As guests, Gütlich and Fischer joined the live TV show on “Innovations in rural economy: how can farmers in Kazakhstan become more present in the global agricultural market?”. The show was aired by the Atameken Business Channel on Friday, 31 January.

Gütlich is delighted that Dedere’s objectives were met with widespread agreement: We set high standards for our technology and ourselves. Our objective is to transfer these high standards to the international commodity trade. Therefore, we are seeking a joint venture with investors in Kazakhstan, especially since this will facilitate the entry into global trade for the farmers.

Standards are required to guarantee consistent quality. The projected joint venture will include independent IFS and BRC certified trading centres, that also entail physical trade, in the most important producing regions to warrant compliance. Gütlich explains that “we intend to create our own trading centres to ensure that arrivals comply with European standards at least. Kazakhstan will mark the start to our projected international trading centre network.”

Blockchain technology will assist us in linking stored goods with technical characteristics such as price information, fundamental data and analysis results. According to Gütlich, “the blockchain technology means that it does not matter if products are obtained from our warehouses in Poland or in the Ukraine as smart contracts ensure that all information is already available and only needs to be called up”. In this way, a closed system is generated, that prevents the undesired intrusion and loosing of goods.

Gütlich adds that “we are currently talking with many investors about implementing this project. We have already arranged the next meetings in Kazakhstan.”

View related articles

Go to the News Overview
Company News
Dec 24, 2021
SEEHEIM. The Mundus Agri team wishes you a relaxing holiday season and a good start to the new year. For this reason, CEO Jakob Megow would like to thank you personally.
Sugar
Jul 8, 2021
MANNHEIM. While Südzucker AG's group revenues increased slightly in the first quarter of the current 2021/22 financial year, group operating profit declined for the time being. For the first time, the quarterly report covers five segments instead of the previous four.
Warning messages
Feb 4, 2021
BERLIN. The Association of the German Confectionery Industry (BDSI) blames EU hypocrisy for unnecessary problems in shipping to the UK. Shipments have become next to impossible with complex regulations applying ever since Brexit has been completed. Nearly 10% of Germany's confectionery exports are destined for the UK and the coronavirus is not exactly helping matters.
Spices
Nov 26, 2020
QUEBEC. In the recently issued vanilla market update for November leading supplier Aust & Hachmann has dismissed the onset of the pandemic on the market as a speed bump. After years of extortionate prices, the market continues to change. Developments in Madagascar are, however, raising concerns.