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Indian Rice Export Price Rise, a Global Complications, Know More.

Rice-price-hike

Indian rice has a great global demand, both basmati and non-basmati. Bulk Rice supply in the first quarter of the year 2020 edged higher even when the whole world was under lock-down. However, recently due to surging corona virus cases and hammered international logistics, broken parboiled variety rose by 5% to $383-$389 per tonne, within a week from $382-$387. Exporters are unable to complete the demand-supply cycle due to the limited availability of containers and workers at India’s biggest bulk rice supply port, Kakinada, in Andhra Pradesh. 

The unavailability of containers and workers is because of the Covid-19 Pandemic. India is the worst-hit country after the USA and Brazil with 30 million cases. The fear to resume work in the pandemic situation is keeping the workers away from the port and containers are restricted in different countries because of varied lock-down policies, causing turbulence in the complete supply-chain.

This International Logistics discrepancy has disturbed the complete bulk rice supply cycle globally, Indian rice has always been in high-demands and countries are now going out of stock due to delay in shipments.  

Another valid reason that exporters are struggling with the procurement of containers is limited contacts, all exporters have a traditional supply-chain, with previously set forwarding agents. Forwarding industry unfortunately has multiple mediators, leading to price-rise and delayed shipments. The restricted supply-chain can also be an underlying reason for the delays and higher prices.

Underneath we have a suggestive way that can be beneficial for all bulk rice suppliers and their international logistics requirements.

Tradologie.com has established a platform where bulk rice suppliers can target new buyers and explore new markets all digitally, without leaving their office spaces. It is the world’s first end-to-end digital procurement platform assisting both exporters/importers beginning from commodity inquiry to complete after-sales payment security. 

If suppliers are looking to expand globally to places where creating a supply chain is easy, Tradologie is the way to go. Another feature of the portal is of an international logistics facilitator, with countless freight forwarding agents on-board the rice suppliers can book shipments with a preferred agent and break the monopoly of their shipping agents. 

Agenda was to design a program where exporters can deal with forwarding agents from anywhere in India, get fair rates, book shipments digitally, eradicate the mediators, and have a fast and smooth supply-chain. 

Tradologie.com, in short, was invented to infuse technology in the bulk commodity trading sector and ease the pain-areas of both buyers and suppliers. We have already helped more than 2 lakh buyers and 20k suppliers globally and are looking to serve more with each passing day. 

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