1121 Basmati Rice History and Trade Development

Rice is the staple diet of more than half of the world’s population. Its nutrition value has kept its consumption steady over many decades. Some of the leading producers of rice in the world are China, India, Thailand, Vietnam, Indonesia and Bangladesh. Indian basmati rice has been the preferred choice in the international market. Some of the leading importers of Indian Basmati rice are Iran, Saudi Arabia, Iraq, UAE, Bahrain, etc. India remains the largest producer and exporter of Basmati rice to the world. Iran alone accounts for approximately 34% of basmati rice export from India. Few prominent varieties of basmati rice grown in India are traditional basmati rice, 1121 basmati rice, 1509 basmati rice, SUGANDHA basmati rice, SHARBATI basmati rice, etc. 

1121 basmati rice has become one of the more popular varieties of basmati rice. Its quality traits are a result of introgression from traditional Basmati varieties such as Basmati 370 and type 3.  For commercial cultivation, it was released in 2003. The length of the grain is approximately 9 mm with a pleasant aroma and an exceptional high kernel elongation ratio of 2.5 with a cooked elongation ratio of up to 22 mm. The total foreign exchange earnings through its trade since the year 2008 have been approximately $20.8 Billion.  As of today, 1121 basmati rice is grown in almost 70% of the area under basmati rice cultivation. The plant height of the 1121 Basmati rice ranges from 110 cm to 120 cm. The seed maturity period is only 140-`145 days. Besides, the yield potential of this variety is almost 5.5 tons per hectare. The extra length of the 1121 basmati rice grain makes them prone to breakage during machine harvesting. Manual threshing of the 1121 basmati rice grain is preferred as it results in less broken grains, high head rice recovery and better price realization for farmers as compared to a machine harvested crop. 

Research carried out has resulted in reducing the growth duration from 160 days to 145 days. Along with doubling the yield from 2.5 tons per hectare to 5 tons per hectare, the rice variety has also resulted in higher day productivity and saving of inputs like fertilizers, irrigation and pesticides thus bringing down the cost of cultivation. Less cultivation time means more turnaround time for farmers for the sowing of wheat that is a very important winter crop in north and north-western India.  A sustained and continuous effort has helped in improving the grain and cooking quality in 1121 Basmati rice as compared to other varieties. The improved kernel elongation helps in realizing more cooked rice volume with lesser milled rice a privilege for Indian households. 

Trade and technology go hand in hand. Technology has always been the enabler of fast and rapid trade. The advent of internet and digital platforms transformed the way businesses are conducted. It has been only around 20 years before internet technology started changing our life. However, today we cannot imagine business and trade transactions in absence of a digital platform. Understanding the requirements of connecting global buyers and sellers, many trade platforms came up with some wonderful innovations. Popular B2B platforms among them are India Mart, Trade India, Alibaba, etc.  In the first phase of B2B trade revolution; these platforms successfully connected global buyers and sellers. Trade could be conducted from the comfort of your offices without the need to be physically present. However, with time sellers and buyers wanted more from the platforms. Problems of middlemen and intermediaries still persisted and real buyers and sellers could not receive the full value of a seamless trade. Besides, the platform was unable to address the problem of end to end solution like the payment security, delivery and logistics issues. Identifying the service gap, TRADOLOGIE.COM established its own intelligent platform. The platform boasts of 25,000 verified sellers and 200,000 buyers. Tradologie.com has been growing rapidly with gross merchandise value in excess of ₹ 25 Billion. TRADOLOGIE.COM has successfully emerged as an alternate supply chain for exporters and importers. The Pandemic caused a wide-scale disruption to the global supply chain. There is an urgent need for a digital solution to continue the trade. TRADOLOGIE.COM has the solution to all the procurement and delivery problems for the rice industry. It provides a separate app for both sellers and buyers to facilitate trade in real-time and on the move. Physical boundaries are transcended effortlessly to deliver high-value solutions to both buyers and sellers. The USP of TRADOLOGIE.COM is the Negotiation Platform that allows sellers to quote prices to the buyer in real-time on a reverse bidding mechanism. The seller is able to Quote Prices while have 100% Genuine Market Insight while the buyer can see the whole spectrum of sellers and place orders after seeing the profile of participant sellers (including previous orders) and negotiating with them through counter offer mechanisms. Buyers and sellers need to furnish important documents like a letter of intent and complete the Payment Obligation using LC before the actual order is executed. Seller receives the payment only after the buyer is in possession of confirmation of dispatch of the commodity (as per the signed contract). Buyers looking to buy Best Basmati rice online can save up to 20% on TRADOLOGIE.COM.

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