That is why rice is the most sort-after grain in the
world. It provides adequate caloric and nutritional properties for the body.
Apart from human consumption rice is processed into
various products and used in different applications. The crop was farmed over
12,000 years ago making it one of the oldest crops domesticated by man.
The ancient crops origin was traced back to ancient
China. And each region and country has its own brand of rice popular to
natives.
Therefore investors interested in the business should export
only rice popular to the demography of interest.
Understand
the Business
Before starting a rice export business you need to
understand the business. Gain knowledge through seminars, trade workshops,
books and approach the department of Agriculture.
You need to determine the type of rice consumed in your
target country. Then find a trustworthy supplier and use a letter of credit.
Make sure all the documentation are in order and study
the destination countries laws and regulations. To find buyers and supplier
visit the export council in your country. They will provide information on how
to source the products.
Rice
Cultivation
Rice thrives in areas of high rainfall and abundant water
resources. The rugged plant is adaptable to many terrains.
It requires intensive farming, cheap labor and flooded
fields to grow. The farmers usually use methods such as flooding, damming and
irrigation methods to cultivate rice.
They face challenges such as fertilizer, vermin
infestation and opportunistic weeds. Common rice growing environments include
upland areas, coastal wetlands or deep water rice.
Other notable growth topography includes lowlands,
irrigated lands and rain-fed areas.
Where
Rice is Cultivated
- Upland areas
- Coastal wetlands
- Deep water rice
- Lowlands
- Irrigated lands
- Rain-fed areas
- Hilly sides
Nutritional
Value
Rice fulfills a large percent of our dietary needs. There
are many parameters when measuring the nutritional value of rice.
Such permutations are usually based in soil quality,
strain of rice, processed, enriched or polished. Other factors are method of
storage and preparation in dishes.
This affects the nutritional value such as amount of fat,
carbohydrate, minerals and vitamin in the strain of rice. Common nutrients
found in rice are carbohydrates, sugars, dietary fiber, fat and protein.
Others include 5 types of vitamins, minerals such as
magnesium, phosphorous and calcium.
Top
Rice Producers
As an importer/exporter of rice you need a ready source
and export market. Most countries eat only certain type of rice therefore
exporting the wrong type is counterproductive.
An exporter needs to know the local cuisine and favorite rice
before shipment. As stated earlier many
countries produce rice commercially for both domestic and foreign markets.
The top 14 producers by way of metric tons is China,
followed by India, Indonesia, Vietnam, Thailand, South Korea and Bangladesh.
Other major players include Myanmar, Philippines, Brazil, Japan, Pakistan,
Cambodia and United States of America
Types
of Rice
There are different types of rice cultivated for export
and domestic markets. Common types include red rice, purple rice, golden rice,
white and brown rice.
Some are polished, pre-boiled, long-grain, regular and
enriched. Others are cooked without salt and short grain.
Registration
and Licenses
Before you can start an import/export business you need
an IEC code. Get a membership certificate from the export promotional council.
There are a few options when it comes to incorporation.
You could register a business name or as a sole proprietor.
Incorporate the business into a limited liability company
and try partnership arrangement. You are at liberty to make it a public or private
company.
Other requirements are PAN number from department of tax
and register with the central board of excise and customs.
- Register the business as a legal entity
- Get a custom clearing agent
- Apply for IEC code
- Apply for TIN/VAT registration
- Register with the central board of excise and customs
Government Control
Rice
is subject to government country because it is considered a staple. The
controls usually restrict importation of the commodity.
Some
countries even place an outright ban on the produce.. The meddling has impacted
negatively on amount of rice exported worldwide.
Only
five countries are noted for exportation of rice such as the United States of
America and Vietnam. Other exporters are Thailand, china and India.
Thailand
and Vietnam export jasmine rice while India adds the Basmati variety. Things
that affect the price of rice are government control, war, drought, infestation
and vermin. The major producers of rice are also the largest consumers.
Things that Affect
Rice Production
Things
that affect rice production are rainfall, sola radiation, wind and atmospheric
water vapor. Other determinants include pest, diseases and pollution.
How to Start Your Own
Rice Export Business
- Write a rice export/import business plan
- Carry out a feasibility study
- Find buyers and suppliers of the produce
- Learn the business
- Register your company
- Acquire relevant documentation
- You need export license, letter of credit
- Secure contract agreements
- Make sure you ship the correct rice
- Collect payment
Image source- celestyn.in
0 comments:
Post a Comment