Davis Commodities Ltd
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore and incorporated in the Cayman Islands. It sources, markets, and distributes sugar, rice, and oil and fat products through third-party suppliers and logistics partners, serving customers across Asia, Africa, and the Middle East.
Fiscal year 2025 · change from previous year
Development 2023–2025
Business
Share of revenueTrading and distribution of sugar products across international commodity markets.
Sourcing and distribution of rice to customers in overseas markets.
Trading of edible oil and fat products through third-party supply networks.
Warehouse handling, storage, and logistics services tied to commodity delivery.
Products
Reported · share of revenue- Sale of Sugar69.3 %
- Sale of Rice18.5 %
- Sale of Oils and Fats12.2 %
Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Customers are buyers of bulk agricultural commodities, likely including wholesalers, distributors, processors, and other trading counterparties in food supply chains. The company serves international buyers in Asia, Africa, and the Middle East, where imported staple commodities and dependable delivery are important to availability and pricing.
Buy sugar, rice, and oil and fat products in bulk for resale or processing.
Purchase imported staples for onward distribution in local markets.
Use the company as a sourcing and distribution partner for staple inputs.
Use ancillary handling, storage, and logistics services around commodity flows.
Strategy
The company’s strategy centers on sourcing staple agricultural commodities through a global supplier network and distributing them efficiently into international markets. Complementary warehousing and logistics services help support customer retention, reduce delivery friction, and deepen the trading relationship around the core commodity flows.
Commodity trading depends on access to supply and end buyers across multiple countries.
Ancillary services improve execution reliability and help protect trading relationships.
Trading and financing activities depend on customer and supplier credit quality.
Geography
2025The company is based in Singapore and uses that location as a trading and operating hub. Its commercial footprint extends across Asia, Africa, and the Middle East, with customers in over 20 countries, which makes the business dependent on cross-border trade routes and regional demand for staple commodities.
Share of the revenue the company reports by geography.
Risks
The business is exposed to commodity price volatility, freight and logistics disruption, and counterparty credit risk because it operates as an intermediary in physical trade. Its multinational footprint also creates exposure to trade restrictions, customs friction, and region-specific demand swings, while financing and working-capital needs can amplify operational stress.
- Commodity price volatilityImpact: HighLikelihood: High
The company trades sugar, rice, and oil/fat products whose prices can move quickly.
Exposure: Trading margins and inventory valuation
- Counterparty credit riskImpact: HighLikelihood: Medium
Revenue depends on customers, suppliers, and financing counterparties honoring trade terms.
Exposure - Logistics and supply chain disruptionImpact: MediumLikelihood: High
Physical commodity delivery relies on third-party storage, shipping, and handling providers.
Exposure - Cross-border regulatory riskImpact: MediumLikelihood: Medium
Operations span multiple jurisdictions with different customs, sanctions, and trade rules.
Exposure
Accounting
Judgemental itemsCommodity trades may settle when title passes, not when cash is received.
Impact: Can shift revenue and gross profit between reporting periods
Held commodity inventories can be exposed to market price changes.
Impact: Can affect cost of sales and period-end asset values
Trade receivables and counterparty balances may not be fully collectible.
Impact: Can create provisions that reduce reported earnings
Commodity trading is working-capital intensive and may involve borrowings.
Impact: Affects leverage, liquidity, and transparency of funding sources
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Last updated: 28/09/2026