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Almonds agri import in india

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This document provides information about almonds, including their characteristics, production, forms, uses, major producing and importing countries, and trade. Some key details include: - Almonds are technically a seed that comes from the fruit of the almond tree. - Major global producers are the US, specifically California, and other countries like Spain, Italy, Greece. - Major importers of almonds include India, Japan, and China. - India imports over 95% of the almonds it consumes due to low domestic production. - The document outlines documentation requirements and procedures for importing almonds into India.

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Amrita Ingole 12020242004 Gurwinder Singh 12020242019
Product Information ITC HS Code List:8021100
GENERAL CHARACTERISTICS Almonds, though considered to be nuts are technically the seed of the fruit of the almond tree, which is a medium-sized tree that bears fragrant pink and white flowers. Almonds unshelled Shelled Blanched
Almonds Bitter Sweet
Almonds agri import in india
Forms of Almond Paste Slices or Slivers or Diced or Meal or Almond Almond Green Whole and Flakes Halves Chopped Flour Milk Oil Almonds Butter
Global usage Confectionery, energy bars, bakery Salad dressings Non-food (e.g., cosmetics, moisturizer) Sauce thickener Perfect for making almond butter or marzipan Snacking
SCENARIO The annual Global Sweet almond production on shelled-basis has been in the range of 7 - 8.5 lakh tonnes Major producing Countries China India California european Australia union turkey chile
The annual trade in almonds has been around 4.6 lakh tonnes (on shelled basis) in the recent years. The major exporters 500000 400000 300000 200000 100000 0
MAJOR IMPORTERS 50000 45000 40000 35000 30000 25000 20000 15000 10000 5000 0 India Japan China Turkey
COMPETING NUTS MARKETABLE PRODUCTION 2008/09 Hazelnuts 1% Other Nuts 1% Pecans Pistachios 4% 6% Walnuts 18% Almonds 70% Source: USDA, Economic Research Service, Fruit & Tree Nut Situation and Outlook.
Indian Scenario
Almonds are an integral part of Indias cultural and culinary heritage, and are considered a prized brain food for children. They are also a key ingredient in traditional Indian sweets known as Mithai, as well as popular for gifting during the Diwali festive season.
INDIAN SCENARIO The annual rate of increase in India's domestic consumption of almonds is reported to be around 20%. > 95% of almonds consumed by Indians is imported 80% of imports being sourced from California & rest from Australia Production 1200tons only Non-descript variety-Bitter Almond India imports almonds with shells and processes it domestically to obtain shelled almonds
Most of the manual shelling of almonds in India is undertaken at Bombay and New Delhi, from where the shelled almonds are transported to other consumption centers The Indian festival season extending from September to December is the peak consumption period for almonds, with maximum demand witnessed in November In the 2011-12 financial year India imported 74,600 tonnes of almonds
WHY CALIFORNIA India now imports over $100 million worth of almond, especially from California, making it the number-one US export to India United States of America is the single largest producer, consumer and exporter of Sweet almonds, with the country contributing to over 80% of the global almond production The world's largest almond handler is the Blue Diamond Growers Cooperative, which is located in Sacramento, California Blue Diamond is owned by over two-thirds of California growers and markets two-third of California's crop India is the fastest growing market for California almonds because of their high protein value in a meatless society.
CATEGORIES OF IMPORTER Importetrs Industrial user Non-industrial User Non-actual user
Non industrial user Retailers Service industries Confectioneries Manufacturing units
Trade fairs N Name of the Event Venue Date of Event Invitation for Participation 1 World Food, Moscow Russia 17-20 Sept., 2012 Announcement 2 Saudi Agro Food, Riyadh Saudi Arabia 24-27 Sept., 2012 3 SIAL Food Fair 2012 Paris France 21-25 Oct., 2012 Announcement 4 India Show Bangladesh 03-05 Dec., 2012 5 World Food Ukraine 31 Oct., to 02 Nov., 2012 Announcement 6 FHC China Shanghai, China 14-16 Nov., 2012 Announcement 7 Fruit Logistica 2013 Berlin 06-08 Feb., 2013 8 BioFach 2013 Nuremberg Germany 13-16 Feb., 2012 9 GULFOOD - 2013 UAE 25-28 Feb., 2013 10 Canadian Food & Bev. Show Toronto, Canada Feb/Mar 2013 11 Foodex Japan 2013 Tokyo, Japan 05-08 Mar., 2013 12 IFE London United Kingdom 17-20 Mar., 2013
BUYERS IN INDIA Satya Foods Quantity required: 48 Metric Ton Annual purchase volume: 300 Metric Ton Shipping terms: FOB Pankaj and Distributors Quanlity required: 100 Metric Ton Annual purchase volume: 1000 Metric Ton Shipping terms: FOB Alibaba.com
LETTER OF CREDIT Blue diamond almond Alminoinidi (California) a pvt ltd. CITY BANK IDBI BANK
PROTECTION AGAINST FOREX Export Contract Will suffer from with the Buyer was Losses made in USD If, unfavourable FOREX rates, at the time of payment Forward Contract with IDBI Bank to fix FOREX rate When IDBI gets payment from Buyer, it will pay us when shipment is sent on this fixed conversion rate
APPROXIMATION OF FORWARD FOREX Assumptions Current Exchange Rate = 55 INR per USD Maturity Date = 90 days INR Interest rate = 8% p.a = 2% for 90 days USD Interest rate= 16% p.a = 4% for 90 days Suppose I deposit 1 USD in US bank and 55 INR in Indian Bank for 90 days Timline Value of USD Value of INR Current 1 55 In 90 days 1*(1+0.04) = 1.04 55*(1+0.02) = 56.10 They both should be equal for 90 days. So 1USD will equal 53.94 INR. This can be a good approximation of forward exchange rate
DOCUMENTS REQUIRED Food Law/ Standard Certificate Prevention of food adulteration Act(PFA) Health and Sanitary Certificate Phytosanitary Certificate License from FSSAI For all units that process fruits and vegetables For irradiated food Import declaration in the prescribed Bill of Entry format, disclosing the value of the imported goods Import License Certificate from port health authority that the product conforms to standard of PFA spring.gov.sg/QualityStandards/etac/food/Documents/INDIA.pdf
CONTD Standards declaration Name and address of manufacturer/packer/importer Name/trade name/description of product Ingredients in descending order Net quantity(metric units) Month and year of manufacturing/packing County of origin MRP Nutritional labelling Shelf life
CONTD Pesticide residue and other contaminants Insecticide act 1986 Registered pesticides use Packaging and container regulations All weights or measures in metric units Use of PVC not allowed in packaging Port of Entry Inspection The clearance of imported food products at the port of entry requires a certification form the port health authority
Thank You
SEARCH OF OVERSEAS SELLER Participating in international trade fair in India & abroad Contact with export promotion councils Consulting international yellow pages of USA Visiting Embassies of USA Browsing net for importers on websites like indiamart,alibaba , global sources, thomasnet, kompass,exportersindia Making contacts with international trade development authorities like foreign chamber of commerce Mailing agents,export trading houses, suppliers Directorate of industries Indenting agent of foreign suppliers Newsletters bought by EPCs, Commodity boards
Almonds agri import in india
OUR SELLER Blue Diamond速 Growers Headquartered in Sacramento, California, Blue Diamond速 Growers is the world's largest almond processing and marketing company. Founded in 1910, the 102 year-old cooperative is owned by half of the state's almond growers who produce over 80 percent of the world almond supply. The California almond crop is marketed to all 50 states and more than 90 foreign countries, making almonds California's largest food export,

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Almonds agri import in india

  • 2. Product Information ITC HS Code List:8021100
  • 3. GENERAL CHARACTERISTICS Almonds, though considered to be nuts are technically the seed of the fruit of the almond tree, which is a medium-sized tree that bears fragrant pink and white flowers. Almonds unshelled Shelled Blanched
  • 4. Almonds Bitter Sweet
  • 6. Forms of Almond Paste Slices or Slivers or Diced or Meal or Almond Almond Green Whole and Flakes Halves Chopped Flour Milk Oil Almonds Butter
  • 7. Global usage Confectionery, energy bars, bakery Salad dressings Non-food (e.g., cosmetics, moisturizer) Sauce thickener Perfect for making almond butter or marzipan Snacking
  • 8. SCENARIO The annual Global Sweet almond production on shelled-basis has been in the range of 7 - 8.5 lakh tonnes Major producing Countries China India California european Australia union turkey chile
  • 9. The annual trade in almonds has been around 4.6 lakh tonnes (on shelled basis) in the recent years. The major exporters 500000 400000 300000 200000 100000 0
  • 11. COMPETING NUTS MARKETABLE PRODUCTION 2008/09 Hazelnuts 1% Other Nuts 1% Pecans Pistachios 4% 6% Walnuts 18% Almonds 70% Source: USDA, Economic Research Service, Fruit & Tree Nut Situation and Outlook.
  • 13. Almonds are an integral part of Indias cultural and culinary heritage, and are considered a prized brain food for children. They are also a key ingredient in traditional Indian sweets known as Mithai, as well as popular for gifting during the Diwali festive season.
  • 14. INDIAN SCENARIO The annual rate of increase in India's domestic consumption of almonds is reported to be around 20%. > 95% of almonds consumed by Indians is imported 80% of imports being sourced from California & rest from Australia Production 1200tons only Non-descript variety-Bitter Almond India imports almonds with shells and processes it domestically to obtain shelled almonds
  • 15. Most of the manual shelling of almonds in India is undertaken at Bombay and New Delhi, from where the shelled almonds are transported to other consumption centers The Indian festival season extending from September to December is the peak consumption period for almonds, with maximum demand witnessed in November In the 2011-12 financial year India imported 74,600 tonnes of almonds
  • 16. WHY CALIFORNIA India now imports over $100 million worth of almond, especially from California, making it the number-one US export to India United States of America is the single largest producer, consumer and exporter of Sweet almonds, with the country contributing to over 80% of the global almond production The world's largest almond handler is the Blue Diamond Growers Cooperative, which is located in Sacramento, California Blue Diamond is owned by over two-thirds of California growers and markets two-third of California's crop India is the fastest growing market for California almonds because of their high protein value in a meatless society.
  • 17. CATEGORIES OF IMPORTER Importetrs Industrial user Non-industrial User Non-actual user
  • 18. Non industrial user Retailers Service industries Confectioneries Manufacturing units
  • 19. Trade fairs N Name of the Event Venue Date of Event Invitation for Participation 1 World Food, Moscow Russia 17-20 Sept., 2012 Announcement 2 Saudi Agro Food, Riyadh Saudi Arabia 24-27 Sept., 2012 3 SIAL Food Fair 2012 Paris France 21-25 Oct., 2012 Announcement 4 India Show Bangladesh 03-05 Dec., 2012 5 World Food Ukraine 31 Oct., to 02 Nov., 2012 Announcement 6 FHC China Shanghai, China 14-16 Nov., 2012 Announcement 7 Fruit Logistica 2013 Berlin 06-08 Feb., 2013 8 BioFach 2013 Nuremberg Germany 13-16 Feb., 2012 9 GULFOOD - 2013 UAE 25-28 Feb., 2013 10 Canadian Food & Bev. Show Toronto, Canada Feb/Mar 2013 11 Foodex Japan 2013 Tokyo, Japan 05-08 Mar., 2013 12 IFE London United Kingdom 17-20 Mar., 2013
  • 20. BUYERS IN INDIA Satya Foods Quantity required: 48 Metric Ton Annual purchase volume: 300 Metric Ton Shipping terms: FOB Pankaj and Distributors Quanlity required: 100 Metric Ton Annual purchase volume: 1000 Metric Ton Shipping terms: FOB Alibaba.com
  • 21. LETTER OF CREDIT Blue diamond almond Alminoinidi (California) a pvt ltd. CITY BANK IDBI BANK
  • 22. PROTECTION AGAINST FOREX Export Contract Will suffer from with the Buyer was Losses made in USD If, unfavourable FOREX rates, at the time of payment Forward Contract with IDBI Bank to fix FOREX rate When IDBI gets payment from Buyer, it will pay us when shipment is sent on this fixed conversion rate
  • 23. APPROXIMATION OF FORWARD FOREX Assumptions Current Exchange Rate = 55 INR per USD Maturity Date = 90 days INR Interest rate = 8% p.a = 2% for 90 days USD Interest rate= 16% p.a = 4% for 90 days Suppose I deposit 1 USD in US bank and 55 INR in Indian Bank for 90 days Timline Value of USD Value of INR Current 1 55 In 90 days 1*(1+0.04) = 1.04 55*(1+0.02) = 56.10 They both should be equal for 90 days. So 1USD will equal 53.94 INR. This can be a good approximation of forward exchange rate
  • 24. DOCUMENTS REQUIRED Food Law/ Standard Certificate Prevention of food adulteration Act(PFA) Health and Sanitary Certificate Phytosanitary Certificate License from FSSAI For all units that process fruits and vegetables For irradiated food Import declaration in the prescribed Bill of Entry format, disclosing the value of the imported goods Import License Certificate from port health authority that the product conforms to standard of PFA spring.gov.sg/QualityStandards/etac/food/Documents/INDIA.pdf
  • 25. CONTD Standards declaration Name and address of manufacturer/packer/importer Name/trade name/description of product Ingredients in descending order Net quantity(metric units) Month and year of manufacturing/packing County of origin MRP Nutritional labelling Shelf life
  • 26. CONTD Pesticide residue and other contaminants Insecticide act 1986 Registered pesticides use Packaging and container regulations All weights or measures in metric units Use of PVC not allowed in packaging Port of Entry Inspection The clearance of imported food products at the port of entry requires a certification form the port health authority
  • 28. SEARCH OF OVERSEAS SELLER Participating in international trade fair in India & abroad Contact with export promotion councils Consulting international yellow pages of USA Visiting Embassies of USA Browsing net for importers on websites like indiamart,alibaba , global sources, thomasnet, kompass,exportersindia Making contacts with international trade development authorities like foreign chamber of commerce Mailing agents,export trading houses, suppliers Directorate of industries Indenting agent of foreign suppliers Newsletters bought by EPCs, Commodity boards
  • 30. OUR SELLER Blue Diamond速 Growers Headquartered in Sacramento, California, Blue Diamond速 Growers is the world's largest almond processing and marketing company. Founded in 1910, the 102 year-old cooperative is owned by half of the state's almond growers who produce over 80 percent of the world almond supply. The California almond crop is marketed to all 50 states and more than 90 foreign countries, making almonds California's largest food export,