Noida, Uttar Pradesh Dec 17, 2020 (Issuewire.com) - Tightening global supply and supply chain disruptions during the pandemic has increased the demand for India rice. Bucking the general trend, China exported 100,000 tons of non-Basmati rice from India. Rice exporters and suppliers are the most happiest with the development. TRADOLOGIE a B2B trade-enabler platform for bulk procurement of basmati and non-Basmati rice has successfully helped rice buyers to connect directly with sellers and save up to 20% of current price.
India is one of the leading producers of rice along with China, Vietnam and Bangladesh. Both Basmati and non-Basmati rice are in great demand throughout the year. Rice exporters from all surplus producing countries have been capitalizing on the ever increasing demand. Even the Covid-19, has not been able to curb the demand for a long period of time. Even during the pandemic, rice exports from India saw an exponential growth of 70% to 7.5 million ton during the first six month of the fiscal year. The surge has been mainly caused by strong demands from countries in West Africa and South-East Asia.
India holds the leadership position in the export of Basmati rice. India exports Basmati rice mainly to Middle-East countries like Iran, Saudi Arabia, UAE, and Qatar. Iran alone contributes 34 % of total basmati rice export from India. Due to payment issues negotiated in the contract, export to Iran has stopped for a while. However, negotiations between the stakeholders have resolved the pressing issue. There has been a temporary halt over a payment issue of ₹1600 Crore. Iranian government has promised to lift the seasonal ban on imports. Issue of pending remittances has been sorted out to continue the trade. Pakistan has been trying to substitute India as a Basmati rice supplier in the meantime. Pakistan exports to Iran have seen a rise over the last few months. However, Industry experts believe that this is a temporary phenomenon and the share will return back to India once things normalize.
Even China, the world’s largest producer of rice, had to import rice from India for the first time in the last three decades. The development was a cause of tightening supplies and discounted offers from rice suppliers. The order came as welcome news for India suppliers, exporters and farmers. On average China imports around 4 million tons of rice annually. Fulfilling a share of this pie, presents a great opportunity for the Indian exporters. Traditional channels of trading do not always produce the desired value for buyers and suppliers. TRADOLOGIE through its online B2B procurement platform has made the task easier for new and old buyers/sellers. TRADOLOGIE a next-generation B2B trade-enabler platform brings the physical market right next to your door and facilitates bulk buying of basmati rice. Buyers can save up to 20% of the current value by trading on TRADOLOGIE. The company deals in most type of Basmati and non-Basmati rice such as traditional rice, 1121 Basmati rice, 1509 Basmati rice, Sugandha Basmati rice, Pusa Basmati Rice, 1401 Basmati rice, Sharbati basmati rice, PR-11/14 Basmati rice, Pakistani traditional rice, Super kernel Basmati rice and C-9 Pakistani rice.
TRADOLOGIE concept of reverse bidding ensures that the process is transparent and stakeholders get the best value out of the transaction. The platform combines the best features of legacy channels combined with its own set of benefits to deliver superior value for its customers. The high demand and consumption of rice have encouraged many new rice exporters and rice suppliers in India to take up the trade. TRADOLOGIE is the right platform to take the next step.
TRADOLOGIE a B2B trade-enabler platform for bulk procurement of basmati and non-Basmati rice. Rice exporters, rice suppliers can connect directly to rice buyers to save money and increase market share.
Media Contact
Tradologie *****@tradologie.com 120414874 D-160, Noida Sector - 63 https://www.tradologie.com/
