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Wheat

Wheat Prices Stabilise in India below Rs. 2400 Per Quintal

Wheat prices stabilise in India below Rs. 2400 per quintal

After Russia invaded Ukraine global wheat prices started soaring and reflection of that was seen in wheat prices prevalent in India too. Wheat price in India was going places till recently but now it has stabilized. Worst has passed it seems. Stabilization of wheat prices would not have been possible without policy interventions by government of India. Policy interventions of GOI have been well thought out and far-sighted. DGFT has issued three notifications in four months to rein in prices of wheat.

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News

Exporters of Wheat Flour, Maida and Semolina Need Quality Certificate for Shipments

Exporters of Wheat flour, Maida need quality certificate for shipments

DGFT has issued yet another notification related to wheat and wheat derivatives exports. This notification issued on 8th August 2022 is third notification in four months. First notification that came into effect on 13th May 2022 shifted Wheat Export from free category to prohibited category banning wheat exports from Indian shores with some exceptions. This was done giving the reason that food security of Indians was under threat. Real reason was soaring wheat and wheat flour prices in domestic market. But this step of GOI didn’t provide desired results it seems so DGFT came up with another notification issued on 6th July 2022. 6th July notification was more a reaction to unusually high wheat flour exports in the aftermath of wheat export ban. Some wheat exporters developed a very novel idea of bypassing the wheat export ban by converting wheat stocks into wheat flour stocks and exporting, alarming the government. Third notification which is basically subject of this discussion has been issued to diversify the second notification.

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News

3 MT Agro Products Outflow from Ukraine Achieved in July 2022

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.

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Agri Commodities

The Future of Global Trade of Agro Commodities – Online or Offline

online agricultural Commodities

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.

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News

Centre Approved Additional 1.2 MT of Sugar Exports This Season 2022-23

centre approved Sugar export

Government of India had imposed restrictions on sugar exports effective from June 1 to control prices and maintain adequacy of sugar in domestic market. Now GOI has approved export of 1.2 MT extra sugar this season as high production next season is expected. This season 10 MT sugar has already been exported and this new quota is additional. Thus total sugar outflows will be 11 MT this season making it highest ever. This new quota is a recent approval of group of ministers.

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Agri Commodities

Small Agro Traders of India: Their Business Model and Future

Small Agro Traders of India

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:

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News

Senators Warned Food Crisis Could Get Worse in 2023

Global Food Crisis

Likely drop in farm production owing to scarcity of affordable fertilizer will worsen food crisis in 2023, opined executive director of world food program. Senate foreign relations committee was briefed by David Beasley, WFP head since 2017 and a former South Carolina governor that 50 million people of 45 nations are facing the ignominy of famine this year putting their stability under threat. Beasley stated that 2023 may present a food availability problem not seen by him and his audience in their lifetime. He referred to African development bank estimate that 20% drop in African food production due to shortage of fertilizer is expected, to support his statement. It is a known fact that production from 33 million smallholder farms is on what most of Africa relies. Food shortages will be compounded by expected drought in Africa, US and other parts of the world.

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News

Zelenskyy Confirms Ukraine will Export Grains Through Odesa Port

Ukraine Export Grains Ukraine Export Grains

Zelenskyy’s declaration of exporting grains through Odesa port maybe plainly reckless. There is difference between braveness and recklessness. Fresh missile attack of Russia on Odesa port has cast aspersions on the idea of grain export through Odesa port. Ukraine has promised to ease global food shortage by exporting grain through its black sea ports including Odesa but will Russia allow Ukraine to do that is the most pertinent question. Why is Russia attacking Odesa port with missiles if it doesn’t want to stall grain exports through Odesa is another pertinent question. Trusting Russia has become difficult for world community after it attacked Ukraine.

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Agri Commodities

B2B Marketplace – A Connecting Link Between Global Rice Buyers and Sellers

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.

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Basmati Rice

Ways to Export Basmati Rice from India to UAE

Export Basmati Rice from India to UAE

Basmati rice is exported to UAE from India via sea mostly. Ocean shipping of basmati is through container (LCL and FCL). Nothing is perfect so both modes of transportation (LCL and FCL) of basmati have merits and demerits. LCL or less than container load is cheap way of transporting freight from India to UAE but in this mode container space is shared. FCL or full container load is also cheap and at times it is cheaper compared to LCL. Benefit with FCL is that container can be sealed by the exporter.

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