“We at Factrade strive to make trading more efficient by providing reliable market information, access to global networks and increased marketability through our review system. Factrade benefits the buyers by providing better terms and competitive prices through a big supplier base and benefits suppliers by providing new buyers.”
Get various options to choose from our trusted suppliers globally, buy products and expand your business with the right information and trading knowledge. Want to become a buyer at Factrade? Let’s look at the following.
Buyers fill out a form that details their particular requirements. We float these requirements in the market to discover potential suppliers who meet the specific criteria, making it easier for the two parties to connect. Users can utilize this space to draw a clear picture of what they're searching for in their trade. The form is simple and easy to use, and you may contact all of the industry's movers and shakers with just one click.
Buyers and suppliers inform us of their exact requirements by filling out a detailed form. We float these requirements in the market to find relevant traders who fit particular requirements, facilitating a match between buyers and suppliers. This space allows users to illustrate a clear picture of what it is they are looking for in their trade. The form is simple, and easy to understand, and in one click you can be in touch with all the movers and shakers across industries.
Once the request has been posted, it is shared with a number of traders who can see the trade details and offer their own terms and prices as well. Traders can even answer any relevant questions and submit their offers for your request at this stage. The fact that a large number of traders’ information is offered to our users, ensures a truly competitive marketplace to carry out mutually beneficial Trade.
It is imperative that our traders get accurate information and can be sure to get the best price in the market. Users who have posted the Request for Quotation, will receive several proposals from traders meeting their requirements. At this stage they can review the terms, and vet traders’ profiles. For an easy user experience, traders can even chat with each other online to make counter offers or even work out the nuances of their trade. End-to-end engagement between sellers and buyers makes for a thriving network.
After extensively vetting your options, deciding on price points, and tailoring fruitful terms of trade, both parties enter into a contract. This contract is uploaded onto our portal along with a copy of payment and delivery. Any relevant documents pertaining to the trade can be included here. Accountability and transparency become inevitable through thorough documentation which is beneficial to buyers as well as sellers.
At the end of the contract, both the buyer and supplier can rate each other based on their experience during the trade.
This rating becomes a part of their profiles and helps build a track record that speaks to each one’s credibility in the market. A portfolio like this allows brands to become more transparent, as well as allowing them to gather visibility amongst peers in the industry. In addition to this, the network created through such reviews is invaluable.
Rice trading is a source of food and money for millions of people throughout the world. Rice is farmed in over a hundred nations, with a total harvested area of about 158 million hectares and an annual production of about 700 MTS. It is heavily reliant on it as a source of foreign exchange revenues and government revenue in several Asian and African countries.
The export of Indian Non-Basmati Rice increased dramatically, gaining more foreign trade than Indian Basmati Rice. India traded 13.09 MM MTS of non-basmati rice (USD $4.8 billion) globally in 2020-21, up from 6.9 MM MTS (USD $2.7 billion) in the previous five years.
Rice suppliers in India and Pakistan have become some of the biggest suppliers of rice in the world because of the quality of the various rice variants and the number of suppliers which is increasing day by day has helped these countries to uplift their economies.
We offer the widest range of payment methods. This ensures that our customers can conclude their transactions in a way that best suits their business needs.
Available payment methods include:
