What Davis Commodities does

Davis Commodities Limited is a Singapore-based agricultural commodities trading company founded in 1999 that produces and exports sugar, rice, and oils and fats across Asia, Africa, the Middle East, Latin America, and Eastern Europe. The company operates through its wholly-owned marketing arm Maxwill and offers containerized shipment of sugar (refined cane, organic cane, coconut sap, Low GI, caster, icing, and specialty varieties under the Taffy sub-brand), multiple rice varieties (Jasmine, Parboiled, White, Glutinous, Round, Medium Grain), and oils and fats (palm-based cooking oil, coconut oil, shortening, multipurpose margarine). Beyond commodity trading, Davis Commodities provides integrated logistics services including warehousing, bonded storage, freight forwarding, port clearance, container stuffing/unstuffing, bulk breaking, sorting, inventory management, and labeling, positioning itself as a one-stop "hands-free" supply chain partner.

The business model is asset-light commodity trading with three revenue streams: (1) containerized commodity trading of sugar, rice, and edible oils, priced on a quote-based, volume-driven unit pricing model; (2) integrated logistics and warehousing services with daily movement of thousands of tons of inspected commodities; and (3) FMCG distribution through the Maxwill subsidiary, reaching supermarket chains (Giant Hypermarket, Cold Storage) and traditional provision stores in Singapore. Customers are primarily B2B food and beverage manufacturers requiring reliable sourcing and logistics. In February 2026, the company deployed AI-driven tools across logistics and supply chain operations to optimize shipment routing, demand forecasting, and inventory planning.

Distribution relies on a global network spanning 29+ countries, with channel partners, millers, and distributors across Asia-Pacific, Africa, and the Middle East, alongside local retail channels in Singapore. Davis Commodities is publicly listed on Nasdaq under ticker DTCK (with a 20-for-1 reverse stock split executed in March 2026) and has raised approximately USD 30 million in 2025 for international expansion, with a stated FY2026 total revenue target of USD 300M. Recent strategic moves include the formation of subsidiary Davis Commodities SEA Pte. Ltd. for FMCG expansion, partnership evaluations with Indian, Pakistani, and Chinese sugar producers targeting USD 100M in additional sugar revenue, exploration of China/North Asia sweetener markets (USD 1 billion opportunity), and a USD 30 million Bitcoin/RWA tokenization initiative. Headcount remains lean at 11-50 employees, consistent with an asset-light trading model.

Name

Davis Commodities

Legal name

Davis Commodities Limited

Website

https://daviscl.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Davis Commodities Limited is a Singapore-based agricultural commodities trading company founded in 1999 that produces and exports sugar, rice, and oils and fats across 29+ countries in Asia, Africa, and the Middle East, serving B2B food and beverage manufacturers and FMCG retailers through containerized shipments, integrated logistics, and warehouse services.

Ownership category

akta.pro rank

Product category

Agricultural Commodities Trading

NAICS

Grain and Field Bean Merchant Wholesalers (424510), Grain and Field Bean Merchant Wholesalers (42451), Other Farm Product Raw Material Merchant Wholesalers (42459)

SIC

Wholesale-Farm Product Raw Materials (5150), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Grain & Oilseed Trading/Wholesale (AFAIAKAA)

akta.pro secondary industries

Bulk Ingredient Logistics, Storage & Transloading (Food Commodities) (AFAIAKAM), Food-Grade Grain Storage Warehousing (AFAOACAI), Commodities & Natural Resources Tokenization (Metals, Energy, Carbon) (FSADAEAE)

Keywords

• Agricultural commodities trading
• Sugar rice oils
• Containerized shipping services
• Commodity supply chain
• Agri commodity distribution

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commodity Trading: Trading of agricultural commodities including sugar, rice, and edible oils through containerized shipments. Revenue generated from trade volumes driven by regional market imbalances and rising global demand, particularly for sugar. The company expects sugar revenue to grow by USD 100 million in FY2026.
2. Logistics and Warehousing Services: Integrated supply chain operations providing warehousing, distribution, freight forwarding and shipping services. Daily operations move thousands of tons of inspected commodities from various sources to warehouses and designated locations.
3. FMCG Distribution: Retail brand marketing and B2B distribution through Maxwell subsidiary, reaching supermarket chains and traditional provision stores in Singapore.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Davis Commodities is a Singapore-based agricultural commodity company that produces and exports rice, sugar, oil, and oil extracts, with a specialty in the containerized shipment of sugar, rice, and oils/fats. The company provides integrated supply chain operations including warehousing, distribution, freight forwarding, and shipping services. It serves customers across Asia, Africa, and the Middle East with a focus on emerging markets.

Product overview

Davis Commodities Limited is a Singapore-based agricultural commodities trading company offering a unified portfolio centered on three core commodity products: Sugar, Rice, and Oils and Fats. The company operates through its marketing arm MAXWILL and provides integrated services including warehouse storage, B2B distribution, and retail brand marketing. Sugar products include various refined and specialty sugars under the Taffy sub-brand and partnership brands. Rice offerings span multiple varieties from different global origins. Oils and Fats encompass cooking oils and bakery products. Services are designed to provide end-to-end supply chain solutions from origination to final delivery, serving customers across Asia, Africa, and the Middle East.

Differentiator

Problem solved

Functional benefit

Brands

• Taffy: A leading Singapore brand - an affordable Organic certified Low G.I coconut-sap sugar made only from the pure nectar of the coconut plant
• Maxwill
• Maxwill

Products and services

• Sugar Agricultural commodity (sugar) traded and distributed in containerized bulk shipments to food and beverage manufacturers, distributors, and wholesalers across Asia, Africa, and the Middle East.
• Rice Agricultural commodity (rice) traded and distributed in containerized bulk shipments to food and beverage companies, distributors, and wholesalers in emerging markets.
• Oils and Fats Agricultural commodities (oils and fats, including oil extracts) traded and distributed in containerized bulk shipments to food manufacturers and distributors.
• Containerized Shipping Services Freight forwarding and containerized bulk shipment services for agricultural commodities to customers across Asia, Africa, and the Middle East.
• Warehousing and Storage Services Warehouse storage services for agricultural commodities, supporting the company's integrated supply chain operations.
• B2B Distribution and Retail Brand Marketing Distribution services and retail brand marketing for consumer products including FMCG items, supporting sales to wholesalers and retailers in emerging markets.
• MAXWILL Brand Sub-brand of Davis Commodities for rice products, with expansion into Singapore and Southeast Asia markets.
• Taffy Brand Sub-brand of Davis Commodities for consumer products distributed through B2B and retail channels.

Quantifiable outcome

• 30% annual growth rate achieved over past years
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered minor, core and major.

• Premium Nutrition Vertical PartnersminorStrategic or Co-development Partner · 7 November 2025Evaluating development of premium-nutrition vertical targeting B2B customers in specialty food ingredients market. Assessing potential partnerships with formulation manufacturers, distributors, laboratories, and regional brand owners focusing on clinical-grade isolates, dairy and non-dairy concentrates, and high-protein fortification programs. No commitments or products launched yet.
• Davis Commodities SEA Pte. Ltd.coreOthers · 4 November 2025New subsidiary entity established for expansion into the FMCG market in Southeast Asia as part of strategic growth plan. The entity aims to diversify portfolio, strengthen regional presence, and leverage expertise in sourcing and logistics to serve consumers in Southeast Asia.
• Large-scale Indian Sugar ProducersmajorStrategic or Co-development Partner · 26 June 2025Strategic expansion into Asian sugar markets with focus on partnerships with large-scale producers in India. Exploring port access expansion in Gujarat and Maharashtra to improve logistics efficiency. No binding agreements executed at this stage.
• JDW Sugar Mills (Pakistan)minorStrategic or Co-development Partner · 26 June 2025Evaluating potential partnerships with JDW Sugar Mills in Pakistan as part of strategic expansion into Asian sugar markets targeting USD 100 million in additional sugar-related revenue.
• Bright Food Sugar (China)minorStrategic or Co-development Partner · 26 June 2025Exploring collaborations with Bright Food Sugar in China as part of multi-billion-dollar sweetener market expansion strategy in China and North Asia.
• MAXWILLcoreOthersMarketing arm established in 1999, one of the youngest companies in Singapore to achieve highest growth rate upon inception. Provides one-stop hands-free service to companies developing markets in Asian and global regions. Member of The Refined Sugar Association in London.
• NasdaqcoreOthersNasdaq Capital Market listing (DTCK) with compliance requirements for minimum bid price. Company granted additional 180-day period to regain compliance, extended to March 16, 2026.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Wilmar International: Singapore-headquartered Asia agri-commodity powerhouse trading sugar, rice, edible oils, and grains across the same regional footprint as Davis. Most direct comparable in business model, geography, and product mix.
• Olam Group: Singapore-based global agri-commodity trader with extensive sourcing, trading, and distribution operations in sugar, rice, and edible oils across emerging markets. Highly comparable in scale ambition and product portfolio.

Broad incumbents

• Louis Dreyfus Company: Global commodity merchant trading sugar, rice, and oilseeds through integrated logistics, very similar in business model to Davis but vastly larger in scale, geographic reach, and capital base.
• Cargill: World's largest private agri-commodity trader with broad exposure to sugar, grains, and oils. Operates the same agricultural commodity value chain as Davis but at materially greater scale and vertical integration.
• Bunge Limited: Global agribusiness and food company trading grains, oilseeds, and sugar with integrated logistics. Comparable in commodity trading and supply chain model though vastly larger and more diversified.
• Archer Daniels Midland (ADM): Major global agribusiness processing and trading grains, oilseeds, and agricultural commodities with extensive origination and logistics infrastructure. Overlaps with Davis in commodity origination and distribution.
• COFCO International: Chinese state-owned global agribusiness trading grains, oilseeds, sugar, and other commodities with strong Asia presence. Comparable to Davis in commodity portfolio and Asian market focus, but at much greater scale.

Others

• Marubeni Corporation: Japanese general trading company (sogo shosha) with significant grain, food, and agri-commodity trading operations across Asia. Comparable in trade and distribution model though as a much larger diversified conglomerate.

Emerging players

• Ebro Foods: Spanish food company with global rice and sugar businesses, particularly relevant given Davis's rice and sugar focus. More of a branded processor than a trader, but operates in overlapping product categories.
• Südzucker: Europe's largest sugar producer with significant trading and agricultural commodity operations. Overlaps with Davis's sugar trading and distribution business from a production-led rather than trading-led model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Davis Commodities