Manage your commodities from anywhere, anytime

TonnUp is an online commodity trading platform that dramatically reduces admin and paperwork, all the way from producer to consumer.

The best and most secure way to sell your grain is with TonnUp!

When you offer your grain for sale on TonnUp, it is seen by all buyers. You have the security of knowing that you are always in control and always protected. If you prefer, you can give your grain marketing agent the authority to act on your behalf on TonnUp.

Spot Trading

Register

Your TonnUp account is FREE! You only pay when you trade, no monthly fees.

Bids and Offers

TonnUp puts you in control. Before trading your grain ensure you have deposited funds into the TonnUp Trust account, and you can edit your order or even cancel it at any stage prior to trading.

Trade

When a buyer’s bid matches your price, it is accepted, and you are instantly notified.

Settle

Buyer’s cash is held in the TonnUp trust account until the grain is delivered (within maximum 30 days), when the buyer confirms delivery funds are transferred to your TonnUp account and settlement takes place within 2 working days.
TonnUp producers now have the potential to negotiate a better price for their product. In consultation with their brokers or silo owners, the producer can “offer” his receipts onto the system for a premium over and above the market price. The offer therefore will represent the premium per ton price for stock in the specific silo.

Buyers on the other hand, i.e. miller and processors, will be able to bid regardless of whether or not there is already stock on offer, at all registered delivery points at a premium per ton basis. This is quite a big improvement on the current delivery system. A further plus for the buyer is that he is now in a position to bid for the preferred delivery location from where he can receive his grain should he be successful.

A Trade plus 2 working days (T+2) settlement cycle, further ensures that the usual delayed payments generally associated with cash markets are eliminated. This is another avoidance of counterparty risk.

While the silo owner continues to guarantee the quality and quantity of the physical stock on storage certificate, TonnUp will facilitate the cash-flow process such that sellers will receive their payment and buyers will receive their physical stock.

Trading of storage certificates will be possible every day and paperwork and all invoicing will be facilitated by TonnUp.

Our contracts and systems are designed to comply with global best practice and comply with the SAGOS 1 version 9 and INCOTERMS 2010. Please refer to our legal framework for more information.

Financial security

Customers can only trade from pre-funded accounts. All customer ZAR funds are held in segregated accounts, distinct from TonnUp’s operational accounts.

Internal controls

No individual, not even our CEO, is able to single-handedly transfer storage certificates or funds. We always require multiple signatories on actions which have financial bearing on you.