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Rice

About Rice

Rice is the most important human food crop in the world, directly feeding more people than any other crop. In 2012, nearly half of world’s population – more than 3 billion people – relied on rice every day. It is also the staple food across Asia where around half of the world’s poorest people live and is becoming increasingly important in Africa and Latin America.
Rice is grown in more than a hundred countries, with a total harvested area of approximately 158 million hectares, producing more than 700 million tons annually (470 million tons of milled rice). Nearly 640 million tons of rice is grown in Asia, representing 90% of global production. Sub-Saharan Africa produces about 19 million tons and Latin America some 25 million tons. In Asia and sub-Saharan Africa, almost all rice is grown on small farms of 0.5−3 ha.
The world’s largest rice producers by far are China and India. Although its area harvested is lower than India’s, China’s rice production is greater due to higher yields because nearly all of China’s rice area is irrigated, whereas less than half of India’s rice area is irrigated. After China and India, the next largest rice producers are Indonesia, Bangladesh, Vietnam, Myanmar, and Thailand.

International Rice Market

Unlike maize and wheat, most rice tends to be consumed where it is produced & it does not enter the international markets. Yet, the volume of international rice trade has increased almost fourfold, from 7.5 million tonnes annually in the 1960s to an average of 28.5 million tonnes during 2000–2009.Current global rice trade now stands at around 42 million tonnes.
The rice export market is highly concentrated with the top five rice exporters accounting for 80% of global rice trade. Of the five top exporters, four (Thailand, India, Vietnam, and Pakistan) are from Asia. Thailand has occupied the top spot for the most part of the past four decades.  In 2015, Bangkok based Thai Rice Exporters Association reported India replaced Thailand as world’s largest exporter of rice and exported 10.23 Million Tonnes in comparison to Thailand’s 9.8 Million tones.  For these Asian rice-exporting countries, rice is still the most important staple and domestic food security and strategic reserve is extremely important.

Unlike the high concentration in export market, the import side is quite fragmented. The top five rice importers account for around 30% of the total trade and the top ten accounts for less than 50% of total imports. Many of the major importers, including the current top importer, China, are from Asia and account for a quarter of the total trade. The other major importing regions are the Middle East and Africa, with nearly half of the total global trade. These two are the fastest growing rice markets, with the trade volume doubling from 10 to 20 million tons in the past decade.

Types of Rice Traded

Global rice trade can be broadly divided into fragrant and non-fragrant rice. The fragrant rice market includes basmati and jasmine rice while the non-fragrant rice market includes white, parboiled, and glutinous rice. In the case of basmati trade, India and Pakistan export 100% of this rice to all parts of the world, with Middle Eastern countries as the major destinations, followed by the European Union. In the past 15 years, the global trade of basmati rice has grown from 1 to more than 4 million tons, with India capturing almost all the market expansion while Pakistan’s market share declined from 50% to less than 20% during the same period.

For the jasmine rice market, Thailand used to dominate with an almost 100% market share a decade ago. But, Vietnam and Cambodia have made significant inroads into the market in recent years, with Thailand’s share dropping below 50%. Vietnam has evolved to become the biggest competitor for Thai Hommali jasmine rice, with nearly 40% of the market share. But, despite its rising market share, Vietnamese jasmine still sells for a hefty discount in the market.

Other than choosing the broad category of rice, the buyer can input other quality specifications such as Rice Length, Rice Whiteness, Rice Moisture, Rice Ad-Mixture Percentage (%), Rice Colour, etc.


Who can be our sellers?
Tradologie only allows verified Sellers and Suppliers who have established export credentials and Manufacturing facilities to become registered seller on the platform and that too after verifying the facilities of the seller.
The Buyer shall have the option to choose from Rice Exporters, Rice Manufacturers, Rice Miller, Rice Polishers, Rice Stockists, Rice Wholesalers, Large Rice Traders & Rice Aggregators while floating his enquiry for Negotiation


Who can be the Buyers?
Buyer on tradologie platform has to be a registered entity having credentials of Rice Import or Agri Import or be a registered Indian Rice Trader, Indian Agri Trader, Agri Wholesaler, Agri Aggregator from across the country or across the Globe.

Rice Manufacturers, Suppliers & Traders

S.no Company Name Company Location Area of Operation
1 Olam Agro India Pvt. Ltd.

Year of Establishment : 1954 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 85145 View More...

Haryana PAN INDIA
2 Adani Wilmar Ltd.

Year of Establishment : 1907 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 80000 View More...

Haryana PAN INDIA
3 Al Maha Foods International Pvt. Ltd.

Year of Establishment : 1952 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 15000
View More...

Haryana PAN INDIA
4 LT Foods Limited

Year of Establishment : 1982 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 11102
View More...

Haryana PAN INDIA
5 Sunstar Overseas Limited

Year of Establishment : 1971 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 17000
View More...

Haryana PAN INDIA
6 Four Fresh Retail Pvt. Ltd.

Year of Establishment : 1991 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 250
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Haryana PAN INDIA
7 Bharat Cereals Pvt. Ltd.

Year of Establishment : 1993 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 200
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Haryana PAN INDIA
8 Sukhbir Agro Energy Ltd.

Year of Establishment : 1998 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 170
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Haryana PAN INDIA
9 Sri Hari Har Overseas Pvt. Ltd.

Year of Establishment : 1969 Nature of Business : Manufacturer Legal Status of Firm : Private Limited Number of Employees : 300
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Haryana PAN INDIA
10 Tarachand Group

Year of Establishment : 2006 Nature of Business : Manufacturer Legal Status of Firm : Private Limited Number of Employees : 100
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Haryana PAN INDIA

Product

This document pertains to the trade of Basmati Rice-International on Tradologie.com as per the specifications, Timelines and Terms and Conditions Set Forth.

Grade

The buyer shall have the option to request for quotes for the following standard types of Basmati Rice

  1. 1121Basmati Rice
  2. Traditional Basmati Rice
  3. Super Basmati Rice
  4. D.B. (Pusa) basmati Rice
  5. 1509 Basmati Rice

Buyers shall have the option to specify the quality of the rice as

  1. Raw
  2. Steam
  3. Par-Boiled (Sella)

Type OF Grade

The Buyer shall also be able to select the type of Grade from the following

  1. Wand
  2. Dubar
  3. Tibar
  4. Mogra
  5. Mini Mogra

Other Quality Specification

Quotes and Deliveries of Basmati Rice for any of the above mentioned standardized Grades shall be required to conform to BIS or Equivalent International Standards. The buyer shall have the option to request for quotes for Custom Grades. In such a scenario, the Sellers shall be Required to Offer Quotes and Delivery Conforming to the Specifications mentioned by the Buyer. The sellers shall also need to adhere to other quality specifications as specified by the buyer at the time of floating of enquiry.

Delivery Unit

Basmati Rice can be bought in the Multiples of 1 Metric Tonne (MT) from the Tradologie Platform with 50 MT being the Minimum Order Size.

Quotes

Unless Expressly Specified by the Buyer, Rates shall be Quoted for 1MT of Basmati Rice inclusive of All Taxes, freight till the delivery location, insurance and all charges pertaining to delivery at site mentioned by the buyer. Buyer has option to Specify whether he shall require Rates to be quoted Ex-factory. In such a scenario, the buyer shall specify the same in the Delivery Condition Column. Sellers are advised not to add delivery related charges including Insurance while quoting the rates to the buyer if rates are sought Ex-Factory.

Payment Obligations

Payment Obligations can be completed by the buyer using 2 Routes for purchases made through Tradologie.com 1. Line of Credit (LC) in Favour of Seller The Route being preferred by the buyer shall need to be intimated at the time of setting up of Enquiry. In Case of LC route, Buyer shall need to specify Bank opening the LC and upload sample LC format at the time of Setting up enquiry.

Delivery Logic

Buyer can Specify whether he shall be requiring the complete material together or shall be accepting Partial Shipments. The Buyer shall also be at Liberty to specify his Priority of Material at the Time of Floating of Enquiry. The Sellers are Bound to adhere to the Delivery Logic Specified by the buyer and the sellers should ensure that the complete material is dispatched before the last date of Dispatch.

The Sellers are Bound to adhere to the Delivery Logic Specified by the buyer and the sellers should ensure that the complete material is dispatched before the last date of Dispatch.

Currency of Trade

The Currency for Trade shall be USD for International Trade. All rates are to be Quoted in USD.

Time Periods

The following table specifies the time slots applicable to various activities performed on the site TRADOLOGIE.COM for the Purchase of Basmati Rice. The Time frame till Completion of Buyer Payment obligation through the LC Route is as below:--

Module Activity Responsible Time Available Notes
Enquiry Setup Pay Performance Guarantee Deposit Buyer At the Time of Setting up of Enquiry  
LC Pay Performance Guarantee Deposit (PGD) +participation fees to participate in the negotiation Seller Till one minute prior to completion of the live negotiation session A seller can make payment of Performance Guarantee even 1 Minute Prior to close of Negotiations
LC Give Counter Offer Buyer Within 15 Minutes from the End of the Negotiations Buyers can provide Counter Offer to Maximum 3 preferred Sellers.
LC Accept/Reject Counter Offer Seller Within 15 Minutes of Receiving the Counter Offer In Case of No Response, the Counter Offer shall be automatically rejected at the end of 15 Minutes.
LC Place order after completing negotiation Buyer 3 hours The prices quoted by seller are firm for 3 hours prior to Close of Negotiation Window
LC Accept the order terms Seller Within 6 hours of completion of the negotiation The order shall be deemed to be accepted if the same is not accepted by the seller within the stipulated time. In case of any issue, the seller is to contact helpdesk@tradologie.com before the end of the stipulated period.
LC Create the PO after seller accepts order terms. Buyer 24 hours In case the PO is not uploaded, the same shall be deemed as default of the buyer.
LC Accept PO & Download Identification Proofs Seller 3 hours after the buyer uploads the PO. If the seller does not accept, then the order is automatically accepted at the end of day.
LC Upload LC Buyer Within 3 working days upon the acceptance of the PO by the seller.  
LC Accept LC Seller Within 3 days after the buyer uploads the LC in favour of the seller. Seller must get the LC validated and approved by his bank within 2 days.
Quality Check Upload Quality Certificate Seller Till 1 day Prior to the last Date of Dispatch  
Quality Check Approve Inspection Document Buyer Within 6 Hours of Upload  
Delivery Document Upload Bill and Proof of Handing over of Delivery Seller Till the last Minute of the Last Date of Dispatch Seller to contact Helpdesk for any issues.
Dispatch Document Approve Dispatch Document Buyer Within 10 hours of upload In case the Buyer does not approve, the same shall be deemed accepted at the end of day.

Notes:

1. Tradologie.com shall be issuing Delivery Order to the seller upon the receipt of payment from the buyer which shall include the amount received from the buyer in ESCROW. Delivery is to be affected to the Buyer only upon the receipt of this confirmation.

PERFORMANCE GUARANTEE FEES

Calculation of Performance Guarantee Deposit

Performance Guarantee Deposit is paid by both the buyer and seller for each order.

Performance Guarantee Deposit = Quantity * Reference Price * Category %

Note: The Reference Price for items currently being traded is provided in this document. The reference price for an item can be updated without prior notice.

Note: The Category % is dependent on the category of the item being traded. The Category % can be updated without prior notice.

Calculation of Commission Fee

The commission fees are calculated based on the invoiced value of the order and commission rate applicable as per the seller's membership type:

Commission Fees = Invoiced value of the order * applicable commission rate

Reference Table

S. No Product Category Reference Price Category % Base Commission %
1. Basmati Rice- International $ 725 Per MT 1.0 1.25%

About Bulk Rice Procurement On Tradologie

Tradologie is a flexible platform on which a buyer can input his own specifications of Rice to be Procured by them. For Ease of Business, the following options are presently added Basmati Rice and Non Basmati Rice.

 

Basmati Rice

Grade Quality Product Type
1121 Raw/Steam/par boiled(sella) Wand Rice/Dubar/Tibar/Mogra/Mini Mogra
Traditional Basmati Rice Raw/Steam/par boiled(sella) Wand Rice/Dubar/Tibar/Mogra/Mini Mogra
Super Basmati Raw/Steam/par boiled(sella) Wand Rice/Dubar/Tibar/Mogra/Mini Mogra
D.B pusa Raw/Steam/par boiled(sella) Wand Rice/Dubar/Tibar/Mogra/Mini Mogra
1509 Raw/Steam/par boiled(sella) Wand Rice/Dubar/Tibar/Mogra/Mini Mogra
Other grade Raw/Steam/par boiled(sella) Wand Rice/Dubar/Tibar/Mogra/Mini Mogra

Non Basmati Rice

Grade Quality Product Type
Sattha Rice Raw/Steam/par boiled(sella) Sortex/Non sortex
Swarna Rice Raw/Steam/par boiled(sella) Sortex/Non sortex
Samba/sona Masuri Raw/Steam/par boiled(sella) Sortex/Non sortex
HR-47 Raw/Steam/par boiled(sella) Sortex/Non sortex
Sharbati Raw/Steam/par boiled(sella) Sortex/Non sortex
Sugandha Raw/Steam/par boiled(sella) Sortex/Non sortex
Common Parmal Rice Raw/Steam/par boiled(sella) Sortex/Non sortex
Other Grade Raw/Steam/par boiled(sella) Sortex/Non sortex

Other than choosing the broad category of rice, the buyer can input other quality specifications such as Rice Length, Rice Whiteness, Rice Moisture, Rice Ad-Mixture Percentage (%), Rice Colour, etc.


Who can be our sellers?
Tradologie only allows verified Sellers and Suppliers who have established export credentials and Manufacturing facilities to become registered seller on the platform and that too after verifying the facilities of the seller.
The Buyer shall have the option to choose from Rice Exporters, Rice Manufacturers, Rice Miller, Rice Polishers, Rice Stockists, Rice Wholesalers, Large Rice Traders & Rice Aggregators while floating his enquiry for Negotiation


Who can be the Buyers?
Buyer on tradologie platform has to be a registered entity having credentials of Rice Import or Agri Import or be a registered Indian Rice Trader, Indian Agri Trader, Agri Wholesaler, Agri Aggregator from across the country or across the Globe.

Bulk Rice Trading FAQ's

Q1:- What are the Benefits of Purchasing Through Tradologie.com?

Ans:- For the First time in the world, Tradologie.com offers an opportunity to put suppliers through a competitive Test through its Unique Negotiations Portal & also provides Guarantee of supplies from suppliers quoting on your custom specifications. The module also provides you an opportunity to give counter offer to your preferred suppliers post negotiation to help you procure Material of Your Specifications at Your Terms & Price

Q2:- How do I know that the suppliers quoting are genuine?

Ans:- Before Allowing any supplier to participate in a Negotiations, Tradologie.com verifies the credentials of the suppliers by taking they KYC Documents and personally visiting their place of business and Facilities. Also, for participating in the Negotiation, all suppliers also deposit Performance Guarantee which is liable to be forfeited in case they are not able to provide material as per the specifications.

Q3:- How does Tradologie.com Secure payments from the buyers?

Ans:- Tradologie.com ensures that the buyer completes his payment obligations (either deposit in ESCROW or open an LC) before the dispatch of material and has a set timeline as per trade policy for the buyer to complete his obligation. Any delay or failure in completing the payment obligation shall be liable for the forfeiture of the performance guarantee deposited by the buyer at the time of floating the enquiry which shall be used to compensate the supplier.

Q4:- How does an ESCROW account Function?

Ans:- An ESCROW account is an Internal account of the bank setup to safeguard the interest of both the buyers and suppliers working through tradologie.com. All credits and Debits in the ESCROW account are as per Strict Regulations imposed by the RBI which mandates that only commission and pre-notified charges of tradologie.com can flow from the ESCROW account to Tradologie.com account. To know more, click here..

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