Supply and Demand Calendars
Digital Forward Contracts
The name is derived from the tagalog word for trade, "kalakalan". The platform is built and designed to provide services to exchange information and transact buy and sell activities of agricultural commodities for local, import, and export trade.
Participants will provide either their planting (producers and traders) or demand (buyers) calendar. Supply and demand forecasts will be reported.
Through an online reverse auction, buyers can post their open to buy requirements. Producers and traders can post offers to supply. Matched bids and offers are formalized thru a digital forward contract.
Fulfillment of delivery through accredited stockpoints. Stockpoints provide measurment, quality assurance, and storage services. Passing commodities are issued a warehouse receipt.
Surplus produce can be delivered to fulfillment centers and offered for sale. Through a forward auction, producers can create open to sell bids and wait for offers from buyers.
LAKAL is an inclusive marketplace. While we are dealing in wholesale trade of commodities, trade is done in a minumum of 1 pallete or 1 ton lots. Smallholder farmers to large traders can deal with buyers
15M
Farmers and Fishermen300
sellers150
Institutional BuyersThese are the initial selected agricultural commodities to be traded. More will be added as sectors are prepared for digital trade.
Our goal is to modernize Philippine Agriculture to spread the benefits across the entire value chain. Farmers and fisherfolk should get fair value for their produce, prices of goods should be affordable, while traders, processors, and retailers should be able to generate reasonable profits.
For inquiries, concerns, clarifications do send us a message and we will get back to you shortly.
