Tag Archives: Commodity Export

Commodity News Pulses

Tur prices fall by 15% in November 2020

Tur prices fall by 15%

Tur dal prices have declined by 15-20% from the highs of October while those of other pulses, including masoor and chana, have either stabilized or declined marginally following measures taken by the government.

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Knowledge Base

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. =&0=& 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 =&1=&, 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=&2=& 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 =&3=&discrepancy has disturbed the complete =&4=&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

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