NFX trading platform for Natural Fibre Exchange International

CRA International launched an enhanced and expanded trading platform for the Natural Fibre Exchange (NFX), which now supports international transactions in addition to its existing domestic sales of wool. The updated platform debuted at the June 24 NFX trading event, achieving a nearly 90 percent sales success rate. NFX plans to initiate a global marketing campaign later this year to attract more international participants. CRA has been collaborating with NFX since 2018, providing an efficient online marketplace that benefits both sellers and buyers. Similar to CRA’s other agricultural trading platforms, NFX offers a trusted environment for price discovery and reliable industry information. CRA has conducted over 150 bi-weekly NFX trading events as of June 2024, with products offered in multiple bidding rounds simultaneously until all bids are finalized.