The global demand for rice continues to grow year on year, making rice trading an attractive business opportunity. However, the rice market is highly competitive and influenced by many factors such as weather, politics, and consumer preferences. To succeed in this industry, traders need to develop comprehensive trading plans, build strong relationships with suppliers and … Read more
Commercial procedures for the international trade of commodities can be complex, involving numerous documents, payment instruments, and third-party inspections. To facilitate these transactions and provide a framework for the parties involved, the International Chamber of Commerce (ICC) has developed guidelines and procedures that are widely recognized and used in the industry. In this article, we … Read more
The Importance of Transportation Costs in the Grain Industry In the world of agriculture and food production, transportation is a key factor in getting products from the farm to the market. The cost of transportation is a major concern for producers and distributors, as it can greatly impact profitability. In recent months, the cost of … Read more