You’re probably reading this because you’re interested in dipping your toes into the agricultural produce marketplace, or maybe you want to start importing or exporting agricultural produce to international markets.
If that’s you, then You’re in the right place. In this simple overview, we will cover both sides of importing and exporting agricultural products, for those just starting out in the International B2B wholesale market.
Benefits of Importing / Exporting Agricultural Produce
Importing and exporting agricultural produce is not just beneficial to individual businesses, the economies of entire countries are built on GDP derived from agricultural imports and exports. The following are some of the most notable benefits of agricultural imports and exports.
Selling to an international market helps to achieve economies of scale and higher profitability by spreading costs over a larger customer base. Ultimately, your business becomes more efficient as you sell to more people and experience increased cash flow to improve operations. Economies of scale also leads to lower prices for consumers in the long run due to increased competition between local businesses and international brands.
Minimising seasonal fluctuations and loss of demand for what you are importing /exporting. Agricultural cycles vary across different geographical The implication of this is that while certain products may be low in demand locally due to local surplus, they might be heavily needed elsewhere in the world. In fact, many producers have been known to produce crops specifically for other countries where demand is higher to meet their own domestic consumer needs
With the right strategy, you can increase your competitiveness in the global marketplace. For instance, the knowledge and experience you gain from exporting to one country can be applied to other regions of the world to solidify your stake in the international produce market.