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Financial News

Boosting Indian Commodities Exports: Much Needed SOPs To Soften Logistics Cost Blow.

Export-Boost

The pandemic hit the global exporters and India is not an outliner.  As per the reports, the pacing rate of recovering is faster in China as compared to India. There are various reasons for the same:

  • India’s consequent restrictions on trade lead to a delay in turnaround time for ships.
  • Exporters in India have to pay high freight charges due to a shortage of containers.
  • Freight charges to the Middle East double over a period of time.
  • Europe freight charges rise to $8,000per container from $2000 per container.
  • While a reasonable appreciation can be justified to fuel price hike, this massive increase witnessed in India allude to a sinister plot of artificial shortage creation and cartelization by shipping lines.
  • 15-20 days delay in getting space, vessel, and slot hampers the trading sector.
  • The unclogging of goods at the global level is unpredictable.
  • China has a high processing time that’s one big reason China’s suppliers are luring the large ships with higher freight charges.

The global disaster of Covid-19 hits exporters at a crucial time when they are striving to reap advantages of the resurgence in international demand for commodities. Moreover, the nation’s $400 billion export goal for FY 2022 is also threatened.

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Agri Commodities Sugar Exporters

Impact of Covid-19 on Sugar Exports

Impact of Sugar Export

The foods and beverages industry is prone to ups and downs in financial terms. However, over the last decade, the Agri-commodity sector has witnessed constant growth. Especially, if we particularly talk about the Sugar Exports market.

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Agri Commodities Edible oil

Impact of Covid-19 on Edible Oil Exports

Impact of Covid -19 on Edible Oil Exports

The Covid-19 has had unpredictable effects on the Agri-commodity industry and has caused a deep global economic slowdown. The Agri-commodity sector covers a wide range, from production to import and export of agriculture commodities. Covid-19 hampered the food and beverage industry badly. Concerning the edible oil export industry, the coronavirus pandemic has turned into a dual-shock, affecting both – the supply and demand.

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Agri Commodities Wheat

Impact of Covid-19 on Wheat Exports

Impact of covid -19 on Wheat Exports

Imposing the Covid-19 pandemic regulations on the international trade sector affected every sector of the world adversely. This pandemic not only affected the agriculture sector, but also sectors like manufacturing, automotive, construction, and import/export were affected, adversely. As compared to the climatic impact, the Covid-19 pandemic has a greater impact on the global economy due to human life loss and business as well. In the present crisis, the Agri-commodity sector is affected badly. Many big players on the trading field faced a huge loss or went completely out of the race. Likewise, in other global trades in Agri-commodities, the export of wheat was also impacted adversely.

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Agri Commodities Spices

Impact of Covid-19 on Spices Exports

Impact of Covid-19 on Spices Exports

The outbreak of corona has impacted the demand and supply industry. The borders of the countries were closed, which concluded in high demand and less supply. This situation affected almost every industry in the world. However, Covid-19 also brought in opportunities for various industries, including Spices Industry. Considering the ill-effects of corona on a person’s health and in order to increase a person’s immunity, numerous Health Experts worldwide suggested adding some specific spices to the meal. This boomed up the demand for Spices worldwide, which eventually boosted the Spices Industry in many good ways. Indian Spices Industry, being the largest exporter of Spices in the world, was impacted hugely by the pandemic, thankfully in a positive manner.

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Agri Commodities Basmati Rice

Impact of Covid-19 on Basmati Rice Exports

Basmati Rice Exports

Introduction to Indian Basmati Rice:

Basmati Rice is a major Kharif crop that grows on every continent except Antarctica. For hundreds of years, it is the most common staple food for millions of people. More than 3.5 billion of the world population receives 20% of daily food calories from rice only.

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Agri Commodities Basmati Rice

How to Export Basmati Rice from India

How to Export Basmati Rice from India

India is the largest producer of Basmati rice in the world, as buyers across the globe prefer this rice more than any other variety. Basmati rice refers to ‘Grain that holds a Pleasant Smell’. It’s been a constant matter of concern for many basmati rice exporters that how to export their produce to the global rice market and without worrying about the authenticity of the importers.

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Agri Commodities Spices

Top 5 Spice Producing Countries During 2020

Spice Producing Countries

Spices are the agri-commodities which are not only essential for food but also very high in demand internationally. There are huge markets for spices worldwide where importing and exporting Spices is a remarkable business for evaluators, importers, Spice Exporters, and manufacturers.

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Agri Commodities Edible oil

Making Bharat Atmanirbhar In Edible Oil Production

Edible oil or cooking oil plays the most important role in the Agri commodities market. Being a major economic booster for any nation. They are vital for all kitchens as well. Almost all varieties of them are extracted from seeds, while some oils are extracted from fruits or kernels. The process of extracting oil is done either with the help of machinery or through chemical extraction. This piece of write-up gives you more information about how their exporters in India are contributing towards making India Atmanirbhar in Edible Oil Production.

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Agri Commodities Spices

Indian Spices Industry: 5 Interesting Things You Need To Know

Indian Spice Industry

A spice is a seed, fruit, bark, root, or other plant substance used for flavoring or coloring food. Spices are different from herbs, which are the leaves, flowers, or stems of plants used for flavoring or as a garnish. In India, spices are considered as warm and “Masaley”.  The Indian spices industry is one of the biggest industries in the world that makes it the biggest producer and one of the largest exporters across the globe. According to the latest research, India has exported spices worth US$ 3.63 billion in 2020 through various digital e-commerce B2B platforms.

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