As Many People here , Had given me a Push to write my Next article , which is a Single Product Multi Market Article , Where a Startup can Learn !! Read it till the end 🙂😀
* Decent Margins - This is Fluctuating Market , So yes Its just like a Lucky draw at some point of time.
* Good Commodity for the startups to learn in reality.
* Fastest moving Product .
* Huge scope in Asian Continent.
* Demand throughout the year
* No Season Barrier.
WHAT ARE THE MAJOR MARKET FOR PROCUREMENT?
Nashik ( Maharashtra ) - Vani , Pimpalgoan , Lasalgoan , umrana etc This is Worlds Best & Accepted Quality in the international. But why ? This are Oval shaped , Red in Color , Good taste , and can stay for a Longer time ( If anyone wants to store it or stock it) .
Bellary ( Karnataka ) - Comparatively this are Pink onions has a Good market in Malaysia . If Quality Onions Found can be exported .
Gujarat - White Onions are exported to European Countries like Netherlands , Republic of Czech etc.
Rajasthan - This are typically for both local and Export i can say not all Produce can be exported , as it is light red in color.
Percentage wise Market share in exports - 40% from Maharashtra , 30% Karnataka , Remaining from Gujarat & Rajasthan.
WHAT IS THE MARKET OF ONIONS GLOBALLY ?
We have Red onions , White Onions & Golden onions been Exported from India .
Dubai , Srilanka , Malaysia , Singapore are the highest importers of Onions from India . Apart from sri lanka , One season some onions are grown in their land the other three countries typically import onions .
Apart from the above countries we also export to Philippines , Thailand , Vietnam , Turkey , Egypt , Bangladesh , Nepal etc - This are the markets on the basis of the Demand & Supply They import from India .
European Countries - They accept it as Dehydrated onions , Cut onions , Frozen Onions ( We call it as Value added Products ) Country like - Netherlands , Republic of Czech , Germany , Poland etc.
WHAT IS THE RISK INVOLVED ?
It is a Highly perishable goods , So it should be handled with care.
What should a Exporter take into consideration ?
* Procurement ( VERY VERY Important ) - You cant load container of onions sitting right back from your sofa & transferring the funds . You have to be on ground .
* Transportation - Extreme care has to be taken in Monsoon & winter seasons .
* International Shipping - Make sure you get a right CHA & Shipping company to handle this , Otherwise your Shipping company woudnt be able to ship in the prescribed schedule as they lack experience . For Eg. If your ship is Sailing on sunday the cut off would be on Friday , Friday Morning the Goods should be given to your Shipping company ( If he is asking the goods 3 or more days before the sailing day, he is a Fishy Shipping company ).Get the Quotation & container booking , as the chances are there due to the demand the prices also fluctuates .
* Payments - Theoretically - People seek Credit in this trade Because most of the exporters are already doing this trade on Credit from long time. Technically - Importer doesnt Come Forward to give advance or L/C As the importer is also Investing almost the same amount to get the container out , so mostly importers dont Give L/c / Advance.
* Since its a Very Common Product , There is lot of Competition , But still there is Huge Demand in the market .
* You have see and plan the shipment very seriously as CHLTA H Attitude doesn't work here . If you are planning to ship it next week , keep your plans ready to travel well in advance .
COMPETITORS ( IN GLOBAL MARKET )
I can proudly say that we dont have strong opposition on this product unlike other products . We are very strong on this on the taste , aroma . Other countries which produce onions are China , Egypt , Pakistan even they export and it is just the game of Demand and supply.
## WHY DO IMPORTERS DEFAULT IN PAYMENTS IN THIS TRADE?
Many have to understand the reality here that , You may have sent Good stuff , But at the end of the day Buyer pays for what he has seen / got . So the Bad Quality & Depreciation in the markets Makes the importer to think about Defaulting . Nobody is Born " FRAUD " Its the situation Which enables them for that act.
This is a Volume Business , People who wants Good Turnover & Decent Margins can turn their eyes in this trade😀😅😎
FACTS
* Its Not cheap , LOL!
* A Good way to start practically from sourcing to Getting payments for a start .
* Kuch Paane ke liye Kuch khona bhi Padta h ( Choice is yours ) 😆😅😁
* A Good sum of Money is Achieved if you see the market and then send . ( Blindly sending containers every week doesnt work and you will be bankrupted very soon )
* Dont send the containers to everyone you see in fb ( I am a Victim Once ) , Check the credibility & move in .
* If you arent sure , Get a Expert for your Company ( Save your Money & Time ) . Implementing things is better than Education ( Sometimes 😎😎😎).
Hope this article has helped you understand how to start Onions exports from the scratch !!!
If it is worth Reading , Please share it With your Eximpreneurs , Lets Support Each other , At the end of the day we are as One being INDIAN Exporting from our country !!
Cheers
Santhosh Raghavan
WHY TO START WITH ONIONS AS A COMMODITY ?
* Low Investment ( The only Commodity which you can fill the whole container with lowest investment )* Decent Margins - This is Fluctuating Market , So yes Its just like a Lucky draw at some point of time.
* Good Commodity for the startups to learn in reality.
* Fastest moving Product .
* Huge scope in Asian Continent.
* Demand throughout the year
* No Season Barrier.
WHAT ARE THE MAJOR MARKET FOR PROCUREMENT?
Nashik ( Maharashtra ) - Vani , Pimpalgoan , Lasalgoan , umrana etc This is Worlds Best & Accepted Quality in the international. But why ? This are Oval shaped , Red in Color , Good taste , and can stay for a Longer time ( If anyone wants to store it or stock it) .
Bellary ( Karnataka ) - Comparatively this are Pink onions has a Good market in Malaysia . If Quality Onions Found can be exported .
Gujarat - White Onions are exported to European Countries like Netherlands , Republic of Czech etc.
Rajasthan - This are typically for both local and Export i can say not all Produce can be exported , as it is light red in color.
Percentage wise Market share in exports - 40% from Maharashtra , 30% Karnataka , Remaining from Gujarat & Rajasthan.
WHAT IS THE MARKET OF ONIONS GLOBALLY ?
We have Red onions , White Onions & Golden onions been Exported from India .
Dubai , Srilanka , Malaysia , Singapore are the highest importers of Onions from India . Apart from sri lanka , One season some onions are grown in their land the other three countries typically import onions .
Apart from the above countries we also export to Philippines , Thailand , Vietnam , Turkey , Egypt , Bangladesh , Nepal etc - This are the markets on the basis of the Demand & Supply They import from India .
European Countries - They accept it as Dehydrated onions , Cut onions , Frozen Onions ( We call it as Value added Products ) Country like - Netherlands , Republic of Czech , Germany , Poland etc.
WHAT IS THE RISK INVOLVED ?
It is a Highly perishable goods , So it should be handled with care.
What should a Exporter take into consideration ?
* Procurement ( VERY VERY Important ) - You cant load container of onions sitting right back from your sofa & transferring the funds . You have to be on ground .
* Transportation - Extreme care has to be taken in Monsoon & winter seasons .
* International Shipping - Make sure you get a right CHA & Shipping company to handle this , Otherwise your Shipping company woudnt be able to ship in the prescribed schedule as they lack experience . For Eg. If your ship is Sailing on sunday the cut off would be on Friday , Friday Morning the Goods should be given to your Shipping company ( If he is asking the goods 3 or more days before the sailing day, he is a Fishy Shipping company ).Get the Quotation & container booking , as the chances are there due to the demand the prices also fluctuates .
* Payments - Theoretically - People seek Credit in this trade Because most of the exporters are already doing this trade on Credit from long time. Technically - Importer doesnt Come Forward to give advance or L/C As the importer is also Investing almost the same amount to get the container out , so mostly importers dont Give L/c / Advance.
* Since its a Very Common Product , There is lot of Competition , But still there is Huge Demand in the market .
* You have see and plan the shipment very seriously as CHLTA H Attitude doesn't work here . If you are planning to ship it next week , keep your plans ready to travel well in advance .
COMPETITORS ( IN GLOBAL MARKET )
I can proudly say that we dont have strong opposition on this product unlike other products . We are very strong on this on the taste , aroma . Other countries which produce onions are China , Egypt , Pakistan even they export and it is just the game of Demand and supply.
## WHY DO IMPORTERS DEFAULT IN PAYMENTS IN THIS TRADE?
Many have to understand the reality here that , You may have sent Good stuff , But at the end of the day Buyer pays for what he has seen / got . So the Bad Quality & Depreciation in the markets Makes the importer to think about Defaulting . Nobody is Born " FRAUD " Its the situation Which enables them for that act.
This is a Volume Business , People who wants Good Turnover & Decent Margins can turn their eyes in this trade😀😅😎
FACTS
* Its Not cheap , LOL!
* A Good way to start practically from sourcing to Getting payments for a start .
* Kuch Paane ke liye Kuch khona bhi Padta h ( Choice is yours ) 😆😅😁
* A Good sum of Money is Achieved if you see the market and then send . ( Blindly sending containers every week doesnt work and you will be bankrupted very soon )
* Dont send the containers to everyone you see in fb ( I am a Victim Once ) , Check the credibility & move in .
* If you arent sure , Get a Expert for your Company ( Save your Money & Time ) . Implementing things is better than Education ( Sometimes 😎😎😎).
Hope this article has helped you understand how to start Onions exports from the scratch !!!
If it is worth Reading , Please share it With your Eximpreneurs , Lets Support Each other , At the end of the day we are as One being INDIAN Exporting from our country !!
Cheers
Santhosh Raghavan
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