Russia is the largest global wheat exporter.
Two sources with information reported on the 24th of March that Russia doesn’t have any plan to halt wheat exports and that the country wants exporters to ensure that high enough prices to cover average production costs are paid to farmers. This would entail maintaining Wheat Export prices at or above $275 to $280 per tonne, they continued.
According to the Ministry of Industry and Trade, there is a significant opportunity for Vietnamese businesses to increase exports due to the Middle East and Africa’s high demand for fruits and vegetables.
Located in Asia, India is the second largest rice producing nation after China and the country ranks first in terms of rice exports. With a mammoth share of 40% of the global rice trade, India exports rice to more than 150 countries around the world, and from Dubai to China, different countries depend upon different varieties of rice for different needs.
The Russian invasion of Ukraine began on the 24th of February 2022 and the war between the two led to disruptions in the supply chain. Both Russia and Ukraine are the major producers and exporters of Wheat in the global market accounting for around 20% and 10% of global wheat exports respectively. They play a crucial role in satisfying the wheat needs of people around the world especially of the people located in north African as well as Middle Eastern countries.
UCAB (Ukrainian club of agrarian business associations) stated on Monday (1st August 2022) that Ukraine reached a milestone of sorts by exporting 3 MT of agro commodities in July 2022 via its sea ports despite Russia blocking most of its seaports post invasion (Russia invaded Ukraine in February 2022). Grain exports alone rose 21% compared to June, contributing prominently to 12% growth in agro commodities exports.
Offline agro commodities trade is thing of the past and future of global trade of agro commodities is without doubt online. Answer to this question would have been same even five years ago. I mean to say is that shift of agro commodities trade to online platforms is not a new phenomenon and started years ago. B2B platforms like tradologie have virtually taken over agro commodities trade. Today major part of agro commodities trade happening around the globe happens online. Tradologie is pioneer of sorts in online agro commodities trading. There are many B2B platforms but tradologie is unique in the sense that it is a B2B marketplace dedicated to online agro commodities trading.
Online B2B ecommerce platforms have brought a new sunrise in the life of small agro commodities traders till now trading agro commodities in usual traditional manner. B2B platforms are taking care of many issues that small agro traders usually face in agricultural commodities trading while trading the traditional way. Let us take a look at latest developments in agro commodities market and the difficulties faced by small agro traders in India on account of those developments:
Rice is one of the most traded agro commodities in this world along with wheat. Rice of different varieties are exported and imported globally. India, Thailand, Vietnam, Pakistan, China and United States of America combined export 4/5th of total rice exported globally. One of the biggest hiccups that a rice exporter interested in exporting rice faces is reach. Reaching buyers from different parts of this world becomes difficult. In traditional way of export it becomes really cumbersome and next to impossible. What’s the answer to this persistent problem? Answer is B2B ecommerce platform.
