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.
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.
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:
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.