The Indian Export Company’s Post

Read Our Latest Post:"Top Tips for Importers Sourcing Agricultural Products from India" ! 🌟 Dive into our newest blog post, tailored for import-export professionals seeking valuable insights and resources. Explore a wealth of information designed to enhance your industry knowledge and global trade expertise. Click the link below to discover more and share your thoughts in the comments! #NewBlog #GlobalTrade #EUTrade #MiddleEastTrade #TheIndianExportCompany

Read Our Latest Post:"Unlocking Opportunities in Indian Agriculture: A Comprehensive Guide for Importers, Retailers, and Procurement Managers" ! 🌟 Dive into our newest blog post, tailored for import-export professionals seeking valuable insights and resources. Explore a wealth of information designed to enhance your industry knowledge and global trade expertise. Click the link below to discover more and share your thoughts in the comments! #NewBlog #GlobalTrade #EUTrade #MiddleEastTrade #TheIndianExportCompany

Read Our Latest Post:"Maximizing Sustainability in Agricultural Product Sourcing from India" ! 🌟 Dive into our newest blog post, tailored for import-export professionals seeking valuable insights and resources. Explore a wealth of information designed to enhance your industry knowledge and global trade expertise. Click the link below to discover more and share your thoughts in the comments! #NewBlog #GlobalTrade #EUTrade #MiddleEastTrade #TheIndianExportCompany

Read Our Latest Post:"Optimizing Agricultural Procurement: Strategies for Procurement Managers" ! 🌟 Dive into our newest blog post, tailored for import-export professionals seeking valuable insights and resources. Explore a wealth of information designed to enhance your industry knowledge and global trade expertise. Click the link below to discover more and share your thoughts in the comments! #NewBlog #GlobalTrade #EUTrade #MiddleEastTrade #TheIndianExportCompany

Read Our Latest Post:"Strategic Innovations in Agricultural Procurement: A Comprehensive Guide for Procurement Managers" ! 🌟 Dive into our newest blog post, tailored for import-export professionals seeking valuable insights and resources. Explore a wealth of information designed to enhance your industry knowledge and global trade expertise. Click the link below to discover more and share your thoughts in the comments! #NewBlog #GlobalTrade #EUTrade #MiddleEastTrade #TheIndianExportCompany

🌾 Explore the latest insights on navigating spring grain market trends with Chief Agri! From global supply dynamics to innovative storage solutions, our article offers valuable tips for storage providers. Don't miss out on expert advice from industry leaders. Read more: https://lnkd.in/eFViYJzm #GrainIndustry #GrainMarketTrends #ChiefAgri

Read Our Latest Post:"Advanced Strategies and Technologies in Agricultural Procurement: A Technical Deep Dive" ! 🌟 Dive into our newest blog post, tailored for import-export professionals seeking valuable insights and resources. Explore a wealth of information designed to enhance your industry knowledge and global trade expertise. Click the link below to discover more and share your thoughts in the comments! #NewBlog #GlobalTrade #EUTrade #MiddleEastTrade #TheIndianExportCompany

Discover the up-to-date perspectives on maneuvering through spring grain market trends alongside Chief Agri! By tracking global trends, adapting to consumer shifts, and embracing innovation, storage providers can confidently navigate the market. The article delves into everything from worldwide supply dynamics to inventive storage solutions, providing invaluable advice. Don't miss out on expert insight from industry leaders. Read more: https://lnkd.in/eFViYJzm #Chief #LeadLikeChief #Agriculture #GrainMarket #Trends

UNDERSTANDING THE DIFFERENT TYPES OF PRICES IN AGRO COMMODITY TRADE The other day, I was interacting with a buyer who was interested in purchasing cassava chips. During the conversation, he asked, “What's the FarmGate Price?” I paused for a moment, thinking to myself, FarmGate Price? The commodity isn't coming directly from the farm, it's from the warehouse! Though I understood what he was asking, it sparked a deeper curiosity in me. His question led me to research the different types of prices that are commonly used in the agro-commodity trade, and how they affect both buyers and sellers. What is FarmGate Price? The FarmGate Price refers to the price of agricultural products as they leave the farm, without any additional costs for transport, packaging, or storage. It is the price that farmers receive directly, before the product is processed or sold in the market. This price is often lower than the market or retail price because it does not account for these added costs. However, in this case, my cassava chips were no longer at the farm. They had been transported to a warehouse, so the FarmGate Price wasn’t exactly relevant. This distinction in price types highlights the complexity in agricultural trade. Common Types of Prices in Agricultural Trade As I dug deeper into the topic, I came across a variety of price types that are important in trading commodities. These include: ➡️ Market Price ➡️ Spot Price ➡️ Forward Price ➡️ Bid Price ➡️ Ask Price (Offer Price) ➡️ Wholesale Price ➡️ CIF Price (Cost, Insurance, and Freight) ➡️ FOB Price (Free on Board) ➡️ List Price ➡️ Fair Value ➡️ Nominal Price ➡️ Auction Price Curiosity about the Floor Price My research didn’t stop there. Out of curiosity, I also stumbled upon the Floor Price. This is essentially the minimum price a seller is willing to accept for a commodity. In some cases, especially for regulated goods or within certain trading environments, a floor price is set to ensure that prices do not drop below a level that would harm producers. In agricultural trade, the floor price helps protect farmers from selling their products at prices too low to cover their production costs. It's particularly common in government-regulated markets or where cooperatives set prices to ensure fairness and sustainability. Conclusion Understanding the different types of prices in agricultural trade can give both buyers and sellers an edge in negotiations and decision-making. Whether you’re discussing FarmGate Price, Floor Price, or Market Price, each has its unique role in defining the value of a commodity. For me, that simple question about cassava chips opened a new world of insights into how prices are structured and how crucial it is to understand these terms in order to trade effectively in the agro-commodity market. #Agro #Price #MarketPrice #SpotPrice #ForwardPrice #BidPrice #AskPrice #WholeSalePrice #CIFPrice #FOBPrice #ListPrice #FairValuePrice #NominalPrice #AuctionPrice #Edge #Negotiation

Astarta Exports its Agricultural Products to 44 Countries In 2023 Astarta supplied over one million tonnes of products to global markets. Export revenue increased by 17% compared to 2022 and totalled EUR325m. “Many regular logistical obstacles characterised 2023: the termination of the “Grain Deal”, a significant export restriction across the land borders with the EU, and regular Russian air attacks on Ukraine’s energy, railway and port infrastructure. On the other hand, these challenges have mobilised our team to look for new opportunities. To diversify our logistics flows, we used combined modes of transport – the lion’s share of our products was exported through a sea corridor from the ports of Odesa, secured by the Armed Forces of Ukraine. We also delivered shipments by land to Polish ports and via the Danube ports”, said Astarta’s Commercial Director, Viacheslav Chuk. The primary consumers of corn were China, Spain, Portugal, and the Netherlands, and wheat – Spain, Indonesia, Portugal, and Sri Lanka. Astarta’s sugar, soybean oil and meal were supplied mainly to European markets. Astarta’s organic products were exported to Germany, France, Switzerland and the Czech Republic. In total, Astarta’s exported its agricultural products to 44 countries. The company plans to diversify further, expand its sales markets, optimise export logistics, and increase export volumes.