Rice is the main staple diet for more than half of the world’s population. India holds the unique distinction of being the largest exporter of basmati and non-Basmati rice. The leading producers of rice in the world are countries like China, India, Thailand, Vietnam and Bangladesh.
Tradologie.com is honored to welcome its new associate Optimal enterprises. Together we intend to expand horizons globally. A well-renowned brand because of its good market reach internationally plans to capture diverse marketers with Tradologie.com
A brief overview: Impact of Covid-19 on global trade
Trade pre-COVID-19 was very mainstream. Importers and Exporters would travel to different nations, deal through trade mediators, or participate in trade-fairs. Conventional trading is a usual practice but due to Coronavirus lockdown, things changed drastically, trading for any commodity immediately stopped, for a while. Shipping too was affected, as even traveling of goods got banned. This temporary halt imbalanced the complete import/export cycle.
Even trade-fairs currently look like an impractical task and no government is willing to allow events, to maintain social distancing.
Also, traveling to restore or increase business is a dilemma for the traders. Until the vaccine isn’t out, everyone is worried about survival let alone trading. However, with partial unlocking of the economy, reinstating trade has become crucial. A Lot of exporters have lost buyers, as they couldn’t supply on time.
These discrepancies are on the ground-level, impacting the complete economy, slowly.
To cater and eliminate this trade process hindrance everyone is trying to look for feasible ways.
Further, we have mentioned an unerring trading technique.
The future of global trade: Tradologie.com
Conferences, schools, fitness, cooking, every sector is trying digital channels to revive or maintain their work. To cater to an area untouched and infuse technology in it, Tradologie.com was invented. It is the amalgamation of global trade and technology.
Tradologie.com’s online platform brings both buyers and sellers online in real-time. One buyer can deal with multiple verified suppliers at one time and attain the best prices. Similarly, a supplier can bid for bagging the order to multiple buyers, everything without stepping out of their comforts.
We ensure verification, inspection, and security, everything through just a simple mobile app. The live dealing feature helps in transparent negotiations yet we keep all the buyer/seller information private until the deal is sealed.
Bulk procurement digitally is a seamless structure and we have designed one. It is a complete inquiry-to-delivery structure for any commodity procurement. We have a well-designed system for the international logistic solution as well, helping suppliers to book shipment via trusted and verified forwarding agents.
Now! You can trade without leaving homes, traveling, and maintaining complete social distancing.
Trade with all precautions and contribute to the world economy, only with Tradologie.com
As per the latest notification, the restriction to ship Bangalore rose onions and Krishna Puram onion was also stated.
Earlier, the preceding categories were free to be exported
The reason this step was taken, was due to a shortage in the Indian market leading to increased rates.
Officials stated “ this shortage is seasonal as India supplied high quantities of onion in the past few months, while the world was under strict Pandemic lockdown”
India exported $198 million of onions in the April-June period of FY21 and $440 million in the entire cycle of 2019-2020.
Indian onions have high demand globally and this isn’t the first time a step like this was initiated.
Last year too, India banned the export of onions, an essential vegetable in Indian kitchens including onion prices were set to a minimum of $850 per tonne to curb its export and to assist in bringing down the soaring prices. This activity was conducted as floods in major states, last year, a spoiled major quantity of the vegetable.
Maharashtra and Karnataka are the highest onion producing states and growth levels in the states will decide the ban lift this year.
While the hold on export might be troublesome for some exporters, the hold is temporary as soon onion will be free to export.
Tradologie.com, a facilitator for onion exports has a certain outlook on this ban, follow through to understand.
Tradologie.com’s outlook on the onion export ban
We at Tradologie have always tried to make export effortless for our associates, this unfortunate ban might impact the trade market, however, we feel that this is a temporary hold to balance the domestic onion trade.
Once the ban is lifted, which we believe is very soon, re-starting onion export won’t be a problem.
Tradologie.com has a buyer guild of 2,00,000 ready-to-purchase buyers and negotiation with them will happen via a simple mobile app, complete eradication of calling, or emailing the buyer.
Creating a seamless channel for onion export.
Until then, let’s centralize the domestic onion market and come back with a bang.
India is an agriculture dominated economy, 70% of the rural population in India is dependent on agri-goods for their livelihoods, in the last recorded term, the country produced 275 million tonnes of food grain. Agricultural industry provides business to other sectors too like the food supply industry, logistics, storage industry etc. In short, agriculture is highly responsible for economic sustainability of the country. Just not for self-sustainability, Indian food supply chain is spread globally as well. Indian government is always trying to elevate the farming sector, however for the first time ever organisations are considering the plea of suppliers as well. Private sectors are recognizing these needs in-order to create a smooth supply chain. Followed are two latest setups revolutionising agricultural trade.
The Indian rice export supply chain is struggling due to the limited availability of containers and scarcity of the labor at the biggest handling port on the east coast after novel COVID-19 cases jumped in the region.
Trading is the foundation of any economy and a well-established country always has a very smooth trading process. Trading both international and domestic impacts the global economic growth. It is a century-old system but with changing times it has evolved colossally. From community trading, domestic trading to global trading, everything has progressed with the help of travel advancement. The world is now conducting border-less trade, however, the trading techniques are not so advanced yet. Traders still tend to follow the traditional procedures and invest a high amount of time and money to attain orders.
What is the Difference between Trade and Non Trade Cement
Cement as you may know is a binding agent, used for various construction purposes from homes to offices, towers, bridges, dams, etc. Anything that needs construction, needs cement.
Cement requirement is sometimes low scale (house construction) or high scale (dam construction). It is the quantity requirement that becomes the deciding factor of the selling price. If the quantity is excessive it is impossible to procure it at the generic MRP. To make this a feasible process companies have two categories of trade and non-trade cement. Below we have tried to compare the two and laid out their basic differences. Follow to understand the two:
Cement companies don’t directly sell cement for smaller requirements. They generally have retailers or distributors for smaller purchases. These retailers either keep a specific brand’s cement or different brands, depending on their dealing. Trade cement is the costlier of the two because of the quantity and taxes. When the quantity is less, overhead charges like traveling, labor, utilities, etc are more and they are added to the cement cost. Taxes add to the cost as well, trade cement taxes are to be paid immediately at the time of purchase. In trade cement chances of unknown middlemen can sometimes add to the cost too.
Cement sold directly from the plant to the end-consumer is Non-trade cement. These end consumers are generally high-end construction companies with big construction assignments.
Companies eligible to buy non-trade cement are builders, contractors, or institutes involved in any project, NGO, or government. Non-trade cement is way cheaper due to the large cement quantities, any extra cost is lesser in comparison but minimum order quantities of Non-trade cement are exorbitant.Purchase taxes of non-trade can be paid at the end of a financial year and is not added to current paying charges,
In non-trade, companies dispatch the material directly to the destination without any interference from any middlemen whatsoever.