India is the largest producer of Basmati rice in the world and many countries around the world import basmati rice from India. Basmati rice is a fragrant long grain rice that comes from the Indo-Gangetic plains of India and Pakistan. Basmati is considered to be one of the most popular varieties of rice because of its ability to absorb flavors from other ingredients and retain its own flavor. Basmati is mainly used for making Indian dishes like biryanis, pulaos and curries.
Tradologie.com is the world’s first inquiry to delivery trade enabling hub catering to the needs of buyers and sellers in the food products and agri-commodities domain. We assist businesses in the food sector to procure basmati rice and other agri-products from global suppliers and empower them to make better decisions with market insights.
Basmati rice is one of the most sought-after commodities to be exported from India. Its variety, flavor, deliciousness and nourishment make it an ideal item for a staple diet to the end consumers. Because of its great demand in foreign markets, buyers (bulk and retail) are always willing to invest from a long-term perspective. However, lack of awareness, technology and market knowledge makes the buyer susceptible to dubious and fraudulent transactions.
Reduced costs of paperwork:
The paper-based system work is now considered a traditional method of work. In present days, online procurement help to reduce the cost of paper as well as the cost of stamps which are always used to mail the paper-based work to the destination.
Along with this, the Basmati Rice Exports market is currently witnessing an all-time high. In comparison to the last financial year, its Price has hiked 15 to 20 percent in the current fiscal year because of the early opening of the Iranian market which came as a boon for the Indian Rice Exporters.
On the supply side, the Basmati Rice Price has continued to grow consecutively for three years in a row. In the current financial year, the Basmati Rice export reached to about INR 32,806 crores. The market has attained increased growth due to aggressive purchase and procurement from Iran. Europe and Saudi Arabia are the major import countries for India, whereas, Europe has a comparatively smaller rice import market than Saudi Arabia and Iran.
India being the second-largest rice-producing country after China with a very huge production capacity, it has been an integral part of the world’s rice market as a steady exporter since early 1980s. India’s remarkable export performance coincides with the top leader in the agricultural commodity market which broke all the export records of the previous year.
Tradologie is one of the first trade enablers for the Basmati Rice through an innovative reverse bidding mechanism. The company holds a major share in the Basmati Rice Market. Plus, the Basmati Rice Price offered by the rice exporters on this platform is considered highly valuable when compared to quality and price offered through other B2B platforms.
The portal lists only the major players in the rice market, with most of them been awarded by the prestigious APEDA awards instituted by the Ministry of Commerce. Even some of the listed companies are performing very well in the rice export market for 13 consecutive years in a row. These are not small companies, but have major impact in boosting the Indian GDP.
Buy Basmati Rice with a wide variety of brands through this innovative B2B platform that not only provides you excellent service with detailed information on various Suppliers, Manufacturers, and Exporters, but also helps the bulk Basmati Rice buyers in procuring and completing rice import trade deal with ease. Interested buyers can procure in bulk from this next-generation platform as per their requirement without any hassle.
