Commodities & Markets

Connecting
global markets.
Creating value.

Global Path is an international physical commodities business, connecting producers and suppliers with buyers across global markets.

Our Markets →
The Global Path Commodity Value Chain
Source

01. Source

Origination, sourcing
and procurement

→
Trade

02. Trade

Physical commodity
buying and selling

→
Finance

03. Finance

Trade, commodity and
working capital solutions

→
Hedge

04. Hedge

Commodity price risk
management

→
Move

05. Move

Logistics, storage and
supply chain coordination

→
Deliver

06. Deliver

Execution through
to final delivery

What We Trade

Essential
commodities for a
growing world.

We trade across key global commodity markets, with a focus on agriculture & food, metals & minerals and energy. Our diversified offering and global reach create resilience and opportunity across cycles.

Explore Markets →
Agriculture and food commodities

Agriculture & Food

Sugar, rice, grains, oilseeds, beef, poultry, livestock and more.

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Metals and minerals commodities

Metals & Minerals

Copper, aluminium, zinc, nickel, lithium, iron ore and more.

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Energy commodities

Energy

Oil, gas, LNG, LPG, coal and refined petroleum products.

→
Our Capabilities

End-to-end
commodity
solutions.

We bring together physical markets, global relationships and deep sector expertise to deliver value across the entire commodity value chain.

Discuss Your Requirements →
Physical Commodity Trading

Physical Commodity Trading

Buying and selling physical commodities across global markets.

Origination and Sourcing

Origination & Sourcing

Access to reliable producers and supply sources worldwide.

Procurement and Supply

Procurement & Supply

End-to-end procurement and supply solutions.

Commodity Risk Management and Hedging

Commodity Risk Management & Hedging

Managing price risk and protecting commercial outcomes.

Offtake and Supply Agreements

Offtake & Supply Agreements

Structuring long-term commercial supply arrangements.

Trade Structuring

Trade Structuring

Tailored commercial, logistical and financial structuring.

Commodity and Trade Finance

Commodity & Trade Finance

Working capital and financing solutions for physical trade.

Logistics and Transportation

Logistics & Transportation

Coordinating global logistics and transportation solutions.

Storage and Distribution

Storage & Distribution

Reliable storage, warehousing and distribution networks.

International Marketing

International Marketing

Connecting global buyers and sellers across key markets.

Market Intelligence

Market Intelligence

Insights and data to inform commercial decisions.

Supply Chain Management

Supply Chain Management

Integrated supply chain solutions from origin to delivery.

Commodity Solutions

Commodity
Trading &
Risk Management

Physical markets. Financial risk.
One integrated strategy.

Commodity markets can expose producers, suppliers, processors, manufacturers, importers and buyers to significant movements in price, currency and supply.

Global Path Commodities works with clients and counterparties to understand their physical commodity requirements and develop commercial strategies across procurement, physical trading, pricing, supply and commodity risk management.

Our approach recognises that buying or selling the physical commodity is only one part of the transaction.

Price exposure, timing, currency, logistics, financing and contractual structure can materially affect the ultimate commercial outcome.

Physical Commodity Trading

Connecting physical
supply with global
demand.

Global Path Commodities facilitates the buying, selling, sourcing and supply of physical commodities across international markets.

Our activities can include:

  • Physical commodity purchases
  • Physical commodity sales
  • International sourcing
  • Procurement
  • International marketing
  • Offtake arrangements
  • Supply agreements
  • Forward physical contracts
  • Import and export transactions
  • Logistics coordination
  • Trade and commodity finance
Our activities span:
Physical commodity trading and international shipping
Procurement & Supply

The right commodity.
The right source.
The right commercial
structure.

Global Path works with buyers to understand their physical commodity requirements and identify appropriate sources of supply.

A physical commodity transaction can involve consideration of:

Commodity specification
Shipment schedule
Quantity
Inspection requirements
Origin
Payment structure
Pricing basis
Trade finance
Delivery location
Logistics
Incoterms
Counterparty verification

Our objective is to bring together the commercial and operational components required to create an executable physical transaction.

Commodity procurement and supply
Commodity Risk Management

Commodity
Risk Management

Managing volatility.
Protecting commercial outcomes.

Commodity prices can move materially between the time a business purchases, produces, processes or contracts a commodity and the time the underlying transaction is completed.

Global Path works with clients to identify commodity price exposures and consider appropriate commercial risk-management strategies.

The objective of commodity risk management is not to speculate on market direction.

It is to help businesses understand and manage the potential impact of adverse price movements on commercial outcomes.

Commodity risk management
Greater
certainty
for a more
resilient
tomorrow.
Key Exposures We Help Manage
Revenue

Revenue

Protecting selling prices and revenue streams.

Input Costs

Input Costs

Managing rising input costs and margin pressure.

Gross Margins

Gross Margins

Reducing margin volatility and earnings risk.

Inventory Values

Inventory Values

Managing inventory value and holding risk.

Contract Profitability

Contract Profitability

Supporting more consistent commercial performance.

Cash Flow

Cash Flow

Improving cash-flow visibility and stability.

Budgets

Budgets

Helping to create greater budget certainty.

Supply Requirements

Supply Requirements

Supporting supply security and continuity.

Where appropriate, strategies may involve physical contracting, forward pricing or financial hedging instruments executed through appropriately authorised market counterparties.
Hedging

Greater certainty
in volatile
commodity markets.

A properly structured hedging strategy can help a business reduce its exposure to adverse commodity price movements and create greater certainty around future costs, revenues and margins.

Depending on the underlying exposure, potential strategies may include physical forwards, futures, options, swaps, OTC structures and other pricing solutions.

The appropriate strategy depends on the underlying physical exposure, timing, commodity, risk tolerance and commercial objective.

Discuss Hedging Strategies →
Commodity hedging and price risk management
Price
risk managed.
Opportunity
unlocked.
Physical Forwards

Physical
Forwards

Futures

Futures

Options

Options

Swaps

Swaps

OTC

OTC

Fixed Price

Fixed Price

Floating Price

Floating Price

Structured Pricing

Structured
Pricing

Secure revenue.
Build resilience.

Producers, suppliers and commodity owners may be exposed to the risk that market prices fall between production, contracting and final sale.

An appropriately structured hedging strategy may help establish greater certainty around future selling prices and protect commercial margins against adverse market movements.

  • Managing the risk of falling commodity prices
  • Greater certainty around future revenue
  • Improved visibility for budgeting and planning
  • Protection of commercial margins
Producers Miners Agricultural Businesses Exporters Merchants Commodity Suppliers
Protecting commodity selling prices
Strengthen today.
Capture tomorrow.

Manage costs.
Protect margins.

Manufacturers, processors, importers and other commodity users may be exposed to increasing input costs.

An appropriately structured hedging strategy may help provide greater certainty around future purchase prices and protect operating margins.

  • Managing the risk of rising commodity prices
  • Greater certainty around future input costs
  • Improved cost and cash-flow planning
  • Protection of operating margins
Manufacturers Food Processors Importers Industrial Businesses Energy Users Commercial Buyers
Protecting commodity input costs
Control costs.
Create opportunity.
Our Approach

Six-step Hedging
Process.

Our structured approach helps clients move from identifying their commercial exposures to implementing and managing hedging strategies that align with their operational and financial objectives.

We work closely with clients at every stage, combining market insight, commercial experience and disciplined risk management.

01
Physical Exposure

Physical Exposure

Understand your physical commodity flows, volumes, timing and commercial exposures.

→
02
Identify Risk

Identify Risk

Assess price, currency, basis, timing and other risks that could impact your commercial outcomes.

→
03
Develop Strategy

Develop Strategy

Design a hedging strategy tailored to your objectives, risk appetite and operational requirements.

→
04
Hedge or Structure

Hedge / Structure

Implement the strategy using appropriate instruments and commercial structures.

→
05
Monitor

Monitor

Track positions, market developments and performance against your commercial objectives.

→
06
Execute

Execute

Close out or roll positions in line with your physical transactions and ongoing risk-management requirements.

Disciplined commodity risk management
Disciplined risk management
today. Stronger opportunities
tomorrow.
Manage risk.
Protect value.
Create opportunity.
Hedging Instruments

Different tools.
A more resilient tomorrow.

We use a range of hedging instruments and structures to help clients manage commodity price risk.

The most appropriate instrument will depend on the commodity, underlying exposure, risk profile, commercial objectives and operational requirements.

01

Futures

Exchange-traded price risk management

Futures are standardised contracts traded on regulated exchanges, allowing businesses to manage future commodity price exposure through transparent and liquid markets.

Commodity futures
02

Options

Flexibility and downside protection

Options provide the right, but not the obligation, to transact at predetermined pricing terms, giving businesses flexibility while helping protect against adverse price movements.

Commodity options
03

OTC

Tailored over-the-counter solutions

OTC structures can be tailored with counterparties to reflect specific commodities, timing, volumes and commercial requirements, subject to appropriate market counterparties and documentation.

Over-the-counter commodity solutions
04

Physical Contracts

Aligning physical and pricing strategies

Physical contracts, including fixed-price and formula-based arrangements, can form part of a broader strategy for managing commodity price exposure alongside physical supply requirements.

Physical commodity contracts

The right instrument. The right structure. A more resilient business.

Where financial hedging instruments are appropriate, execution may involve suitably authorised institutional or specialist market counterparties.
Global Reach

Connecting markets.
Delivering opportunity.

Our global relationships provide access to key producing regions, destination markets and international commodity flows worldwide.

Global commodity producing regions, consumption markets, trading hubs and major shipping routes
Work With Global Path

Partnerships that
move the world.

We partner with a diverse range of counterparties to create value across global commodity markets.

Producers & Suppliers

Access international markets and build long-term offtake relationships.

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Buyers

Source reliable supply from trusted producers around the world.

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Trading Partners

Collaborate on physical commodity transactions and opportunities.

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Capital & Finance Partners

Support trade finance and structured commodity transactions.

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Logistics & Supply Chain Partners

Work with us across shipping, storage, inspection and transportation.

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Physical markets. Managed risk Greater opportunity.

Work with Global Path across physical commodity trading, procurement, risk management, hedging and trade finance.

Get In Touch →