Indian rice export market trends

Indian rice exporters in a fix as transport costs rise, demand from Gulf dropsThe Gulfood 2021 held between February 21-25 in Dubai did not garner much business for Indian basmati exporters as people stayed away in fear of coronavirus. However, South American buyers such as Peru and Argentina have recently granted market access to the Indian basmati rice, which will help the basmati rice trade to boost exports and get better prices.

Rice exporters, both basmati and non-basmati, are facing problems over rising transportation cost due to a hike in diesel price and a subdued demand in the Gulf region due to the second wave of coronavirus hitting the region. Basmati rice prices have fallen by 4-7% in last 10 days and exporters said transportation cost has increased by more than 20% to cart rice from Haryana to Mundra and Kandla ports.

The Gulfood 2021 held between February 21-25 in Dubai did not garner much business for Indian basmati exporters as people stayed away in fear of coronavirus. However, South American buyers such as Peru and Argentina have recently granted market access to the Indian basmati rice, which will help the basmati rice trade to boost exports and get better prices.

know more  Indian rice exporters in a fix as transport costs rise, demand from Gulf drops

Comments

Post a Comment

Popular posts from this blog

Biology Olympiad

Image
  Olympiads also foster a sense of camaraderie among participants, transcending geographical and cultural boundaries. The shared passion for a subject creates a global community of like-minded individuals, facilitating the exchange of ideas and fostering friendships that often extend beyond the competition. know more Olympiads
Read more

Informatics Olympiad

Image
  Olympiads stand as a beacon in the educational landscape, providing a platform for students to showcase their intellectual prowess and passion for various subjects. These international competitions, spanning disciplines such as mathematics, science, physics, chemistry, informatics, and more, go beyond routine academic assessments, offering a challenging arena for the brightest young minds to shine. know more Olympiads
Read more

Intermodal logistics

Image
  Allcargo Logistics is a leading global logistics solutions provider with a strong presence in India. Offering a diverse range of services, including container freight stations, project cargo handling, and third-party logistics, Allcargo Logistics caters to the unique requirements of businesses across different industries. Their expertise lies in effectively managing complex logistics operations, ensuring seamless movement of goods across various modes of transportation. With a focus on efficiency, reliability, and customer satisfaction, Allcargo Logistics utilizes advanced technology and a robust network to deliver tailored solutions that optimize supply chain management and drive operational excellence. Their commitment to innovation and sustainability has positioned them as a trusted logistics partner for domestic and international clients. Global logistics solutions provider Third-party logistics Customer satisfaction know more  Logistics company
Read more