The Ever-Growing Demand For Basmati Rice in the Global World

 

Basmati Rice is one of the most demanded ingredients in the world. It is an indispensable staple diet. As India is the world’s largest producer of quality basmati and non-basmati rice, a huge amount of rice is exported to the world annually. A large portion of the rice export by India contributes to the world economy. The delicacy and aroma of Basmati rice hypnotize people, thus adding more rice-loving people to its forte. It has an average length of 7.5mm to 8.8mm with a potential to expand twice its kernel size after cooking.

 

Rice is a great source of carbohydrates. Carbohydrates in turn are essential for a healthy and well-functioning body. Rice consumption has seen a rapid increase over the past many decades and with the growing demand for rice due to its elongation and fragrance, exports from India are also increasing on a regular basis. This aspect raises India’s rice production potential and increases the share of the world’s rice export market.

 

The country’s exports of the Basmati variety were expected to hit a high of INR 30,000 Crores in the financial year of 2019 whereas, in the 2018 financial year, production of Basmati amounted to about 5.03 million tonnes. The global demand for Basmati was worth USD 10.51 billion in 2017. According to the Openness market report, the rice market is forecast to rise by 11.01 percent between 2019 and 2022 at CAGR.

There are Plenty of Approved Basmati Rice Varieties Yield in India For Exportation

Approved Varieties
Basmati, type III Uttar Pradesh, P3 Punjab, hbc -19 Safidon, Kasturi, 386 Haryana, Muradabadi Basmati 6465, Basmati 217, Basmati 370 Bihar, Basmati 198, Pusa 1121, and Mahi Suganda.

 

Indian Varieties
Basmati, type III Uttar Pradesh, P3 Punjab, hbc -19 Safidon, 386 Haryana, Muradabadi Basmati 6465, Kasturi (Baran, Rajasthan), Basmati 198, Mahi Suganda, Basmati 370 Bihar, Basmati 217, Kasturi, and Pusa 1121.

Pakistani Varieties
Basmati 370 (Pak Basmati), Basmati Pak (Kernal), Super Basmati (Best Aroma), 386 or 1121 basmati rice, Basmati 515, Basmati 385, Basmati 2000, Basmati 198 and Chanab Basmati.

 

Rice has been majorly exported by Pakistan, Thailand, Indonesia, North America, and China after India. While, Gulf countries, UAE, IRAN, IRAQ, and North Africa are few constant importers. The constant increase in the demand for rice encouraged many farmers to grow the same, to tap maximum profit.

 

Despite the great offerings of B2B platforms, the problem of middlemen and intermediaries still persists. Identifying the issue, TRADOLOGIE.COM has established its own platform for conducting live negotiations with buyers without any email or phone calls. Understanding the requirements of connecting global buyers and sellers, many trade platforms came up with some wonderful innovations. Popular B2B platforms among them are India Mart, Trade India, Alibaba, etc. In the first phase of B2B trade revolution; these platforms successfully connected global buyers and sellers. Trade could be conducted from the comfort of your offices without the need to be physically present. Customers could purchase bulk basmati rice online from producers. However, with time sellers and buyers wanted more from the platforms. Problems of middlemen and intermediaries still persisted and real buyers and sellers could not receive the full value of a seamless trade. Besides, the platform was unable to address the problem of end-to-end solutions like payment security, delivery, and logistics issues. Identifying the service gap, TRADOLOGIE.COM established its own intelligent platform. The platform boasts 25,000 verified sellers and 200,000 buyers. Tradologie.com has been growing rapidly with gross merchandise value in excess of ₹ 30 Billion. TRADOLOGIE.COM has successfully emerged as an alternate supply chain for exporters and importers.

 

The USP of TRADOLOGIE.COM is the Negotiation Platform that allows sellers to quote prices to the buyer in real-time on a reverse bidding mechanism. Basmati rice price suppliers are able to Quote Prices while having 100% Genuine Market Insight while the buyer can see the whole spectrum of sellers and place orders after seeing the profile of participant sellers (including previous orders) and negotiating with them through counter offer mechanisms. Buyers and sellers need to furnish important documents like a letter of intent and complete the Payment Obligation using LC before the actual order is executed. Seller receives the payment only after the buyer is in possession of confirmation of dispatch of the commodity (as per the signed contract). Purchase bulk basmati rice from exporter on TRADOLOGIE.COM and save up to 20% on it.

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