Month: February 2019

Agricultural exports account for 10% of India’s exports and form the country’s fourth largest export commodity. India is the world’s largest producer, consumer and exporter of agro products. Get and export import business training to know more about agro export from India.   India’s economy is heavily dependent on agriculture, which is the main source of livelihood for 58 percent of rural households. Learn import export online and know which product you can export and make good profit out of it.   UAE is one of the major trade partners of India and to make agro trading more effectively UAE has come up with an amazing idea.   An e-market platform for trading and sourcing agri-commodities has been launched in the UAE to connect India’s rural farmers with the Gulf nation’s food industry.  With Agriota, Indian farmers will be able to connect directly with the UAE’s entire food industry, including food processing companies, traders, and wholesalers.  This is a new initiative of Dubai Multi Commodities Centre (DMCC), the government authority on commodities trade and enterprise, and Dubai’s free zone.   

By bypassing intermediaries, farmers can optimise their supply chain and ensure traceability, generating value for all stakeholders. 

• By implementing a blockchain-based verification and extension infrastructure, the online marketplace also offers end-to-end transparency.  

• Agriota will benefit millions of Indian farmers while simultaneously increasing the food security of UAE citizens.  
• When using the platform, you will be able to engage in secure fund transfers thanks to a proprietary banking system with a multi-tier escrow structure.  
• A number of foods will be offered with the Agriota platform, including cereals, pulses, oilseeds, fruits, vegetables, spices, and condiments.  
• With this platform, the UAE is advancing its goal of positioning itself as a world-leading center for innovation-driven food security and championing trade facilitation for agribusiness. 

Conclusion-  

In FY21, the Indian agricultural industry exported 28.49 billion US dollar worth of goods. In 2020, India positioned itself as the leading rice exporter (notably in the Middle East, where it contributed around 70% of the total rice imports).   Online export import course is beneficial for people who want to learn international business. Join our hand and start your export in just 60 days.  To know more about international trade live free webinar. Click the link to attend our webinar.   https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do Visit our Website!

Indian food exports to the League of Arab States surpassed Brazilian exports for the first time in 15 years. While the Arab world is Brazil’s most important trade partner, its distance from those markets impacted logistics during the pandemic. Learn import export online and start your import export business.    The imported agribusiness products by the 22 members of the League in last year were accounted for by Brazil at 8.15%, while India captured 8.25% of the trade during the same period.   The Arab world is among Brazil’s most important trade partners, but Brazil’s distance from those markets took a toll. Brazilian shipments to Saudi Arabia previously took 30 days could now take as long as 60 days due to the pandemic.

Why Brazil Lags Behind-  

• During the COVID epidemic, the distance between Arab countries and Brazil affected global logistics services. As a result, Brazil lags behind India when it comes to food exports.  
• Brazil has also lagged behind in this area due to China’s increased food inventory during the pandemic. Because of this, the trade of Brazil has also suffered.  
• In spite of pandemic-related global supply chain disruptions, India had an advantage in quickly shipping food products to the Arab states.  
• India has geographic advantages that allow it to ship fruits, vegetables, sugar, grains, and meat within weeks.  
• Despite the country’s overall exports dropping by over 7%, India’s agriculture exports increased sharply by nearly 25% in 2020-21 over the previous year. 

The Saudis are still the biggest buyer, but they are also the biggest re-exporters of food.  

Conclusion-  

A disruption of traditional shipping routes resulted in Brazil losing market share to other exporters such as Turkey, the U.S., France, and Argentina as well.  Agri-food exports are still one of Saudi Arabia’s largest exports, but the kingdom is also working hard to boost its domestic food production.   If you are interested in international business connect with import and export training courses and give a fresh and energetic start to your business.  You can also join our live free webinar. To attend the webinar, click on the link given below.  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do visit our website.