Posts

Showing posts with the label Rice

Jump in Indian Rice Prices

Image
The prices of Indian rice have jumped by at least 10% in the last five days in both domestic and international markets. This high jump in rice prices can be seen after Bangladesh slashed its import duty and tariff on rice from 6.25 percent to 25% prompting Indian traders to make a sprint for export deals with the bordering countries. The Indian government has been trying to bring down the prices of rice.   Bangladesh has given permission to import  non-basmati rice  until October 31. This is the first time Bangladesh has started importing rice from India so early, as there is a fear that India might put a ban on rice exports. Generally, Bangladesh starts importing rice in September-October. There is a shortage of staples in Bangladesh as the Russia-Ukraine war and India’s ban on wheat exports have caused the drop in wheat imports, while floods have harmed rice.   BV Krishna Rao, The president of the rice exporters association of India said that the price of Indian no...

Import Branded Rice In Bulk Through Tradologie.com

Image
Looking to import  branded rice in bulk ? Look no further than Tradologie.com! Our online digital trade platform offers a wide range of imported rice, including some of the most popular brands in the world. We offer both long-grain and short-grain varieties, as well as a variety of flavors and textures. Whether you’re looking to stock up for your domestic demands or want to import in bulk to become a good importer., Tradologie.com has you covered. We also offer a fast, reliable delivery service to ensure that your rice arrives fresh and at the perfect temperature. Benefits of Branded Rice There are a lot of benefits to eating  branded rice . Namely, it supports healthy and sustainable living practices, it’s a good source of dietary protein, and it’s convenient and easy to store. In addition, rice is a versatile food that can be enjoyed in a variety of dishes. So, if you’re looking for a portion of nutritious and convenient food that can be used in a variety of recipes, choose ...

Top 6 Facts You Probably Didn't Know About Rice

Image
Rice is a staple crop in almost every part of the world. It feeds more than half of the world's population every day, and it's one of the most important crops in human history. Here are six facts about basmati rice you probably didn't know: It's been around for thousands of years - There's evidence that people were eating rice as early as 5000 B.C., although it wasn't widely consumed until much later in India and China. In fact, there are references to rice cultivation in ancient Greek mythology, so this is not a recent development at all. Rice production is growing fast - The Food and Agriculture Organization of the United Nations tracks food production statistics, and its latest report shows an increase in global rice production between 2011 and 2012 of 2.8 percent. This is less than the previous year (4 percent), but still a significant increase overall. Rice is good for your health - Brown rice, pa...

Price Competitiveness To Boost Rice Exports From India in 2023

Image
The major exporters of long-grained rice to the world market are India, Myanmar, Pakistan, and Vietnam. Currently, the prices for raw long-grained rice from India are hovering around 340-350 dollars on a fob basis, which is much less than other countries, giving Indian exporters an edge in African and Southeast Asian markets. Lower costs drive exports in India over competitor countries In the last few months, Myanmar and Pakistan were dominating the market and the rice from these countries was the cheapest. However, as of today, the price of rice sourced from Myanmar has increased to 385 – 400 dollars on a fob basis. There was unrest in Myanmar after the army coup in Feb 2021 weakening the export potential of the country. The domestic prices in the country increased due to the dislocation of transportation and banking services. Thailand has changed course and moved away from long grain rice to perfumed jasmine rice, the export of which is guaranteeing good margins to the exporters of t...

Demand for Indian Rice in Middle Eastern Markets

Image
  The middle east region is a leading consumer of basmati rice which it imports from India and Pakistan. The region is responsible for as much as 37.8% of the total rice consumption. The major importing countries in the region are Saudi Arabia and the United Arab Emirates, which together accounted for 30 percent of Basmati rice exports from India in 2018. In the financial year 2020, five middle eastern countries were responsible for 70 percent of the total Basmati rice imported from India. These five countries were Iran, Saudi Arabia, Iraq, the UAE, and Kuwait.  India rice exporters  are engaging in trade with the region. Demand fueled by a rapid increase in urban population    Iran is a leading importer of  Indian rice  and also one of the most populous countries in the region. The significant increase in the urban population in Iran, Saudi Arabia, and the United Arab Emirates with a corresponding increase in disposable income is driving the demand fo...