Exporting is a challenge and especially when it comes to exporting food items, it comes with multiple hurdles. We at Shree Krishna Exports being one of the leading basmati and non-basmati rice exporters in India, have been dealing with such situations since long. But with time, we have upgraded ourselves in different ways to ensure that we do not face any problem when it comes to exporting rice across different countries. Through this blog, we are sharing some of the common challenges that most rice exporters in India face. We are also sharing ways to overcome them, so that one can successfully export rice across the world.
Price fluctuation worries every exporter
It is one of the commonly faced challenges as price fluctuation happens quite frequently. Especially when there are geopolitical shifts or fluctuations in the currency of the company which imports rice, we can expect the fluctuation in other areas as well. It may lead to a delay in payments or may impact the demand of the rice which often causes loss to basmati rice exporters in India.
To overcome this problem, it is advised to not rely completely on two or three countries only when exporting rice. Instead, expand your export network and choose buyers or importers that offer a contract giving you assurance in regards to payment.
Restrictions on trade limits exporters
Another problem faced by exporters is the trade restrictions imposed by several countries making it difficult for rice exporters to continue their business with them. These trade restrictions can be in form of costly tariffs imposed on exporters for doing business in those countries. Or this can be in the form of strict trade policies or regulations being formed by several countries which restrict one from exporting rice until and unless they do not fulfil their set criterion.
To deal with the same, the exporters must look for countries with less challenging trade policies that can be followed with ease. India being one of the largest rice exporters always has an upper hand in such situation as it can easily cater to the demand of rice in bulk quantity making it easier to negotiate in terms of pricing. Exporters should use it as an opportunity and should build export relations with countries which requires rice in large quantity.
Ongoing competition among rice exporters
Though we are into this business since 1998, but over the time we have witnessed that number of rice exporters has increased. At present, it is not only India exporting rice across the world, but there are several other countries that export rice. This ongoing competition makes it difficult for several new exporters to maintain their rice export business in India.
To make your export business better, we advise you to enhance the quality of rice you export. It is advised to follow sustainable business practices and strategic trade solutions so that you can meet easily level-up your brand among the several rice exporters in India and across the world.
Conclusion
We at Shree Krishna Exports have successfully dealt with all these challenges by offering a premium range of basmati and non-basmati rice to countries across the world. We offer different variants of basmati rice at affordable prices. Our experts ensure that we follow all the export policies so that we do not face any problem when it comes to establishing a successful trade with countries who are importing rice across the world.
