1. Amrita Ingole 12020242004Gurwinder Singh 12020242019

2. Product InformationITC HS Code List:8021100 3. GENERAL CHARACTERISTICS Almonds, though considered to be nuts aretechnically the seed of the fruit of the almondtree, which is a medium-sized tree that bearsfragrant pink and white flowers.Almonds unshelledShelledBlanched 4. AlmondsBitterSweet 5. Forms of Almond PasteSlices or Slivers or Diced or Meal or AlmondAlmondGreenWhole and FlakesHalvesChopped Flour Milk OilAlmonds Butter 6. Global usage Confectionery, energy bars, bakery Salad dressings Non-food (e.g., cosmetics, moisturizer) Sauce thickener Perfect for making almondbutter or marzipan Snacking 7. SCENARIOThe annual Global Sweet almond production onshelled-basis has been in the range of 7 - 8.5 lakhtonnes Major producing Countries China India CaliforniaeuropeanAustraliaunion turkey chile 8. The annual trade in almonds has been around4.6 lakh tonnes (on shelled basis) in the recentyears. The major exporters 500000 400000 300000 200000 1000000 9. MAJOR IMPORTERS500004500040000350003000025000200001500010000 50000India Japan China Turkey 10. COMPETING NUTS MARKETABLE PRODUCTION2008/09Hazelnuts 1% Other Nuts 1%Pecans Pistachios 4% 6% Walnuts18% Almonds 70% Source: USDA, Economic Research Service, Fruit & Tree Nut Situation and Outlook. 11. Indian Scenario 12. Almonds are an integral part of Indias culturaland culinary heritage, and are considered a prizedbrain food for children. They are also a keyingredient in traditional Indian sweets known asMithai, as well as popular for gifting during theDiwali festive season. 13. INDIAN SCENARIO The annual rate of increase in Indias domesticconsumption of almonds is reported to be around20%. > 95% of almonds consumed by Indians isimported 80% of imports being sourced from California &rest from Australia Production 1200tons only Non-descript variety-Bitter Almond India imports almonds with shells and processesit domestically to obtain shelled almonds 14. Most of the manual shelling of almonds in Indiais undertaken at Bombay and New Delhi, fromwhere the shelled almonds are transported toother consumption centers The Indian festival season extending fromSeptember to December is the peak consumptionperiod for almonds, with maximum demandwitnessed in November In the 2011-12 financial year India imported74,600 tonnes of almonds 15. WHY CALIFORNIA India now imports over $100 million worth ofalmond, especially from California, making it thenumber-one US export to IndiaUnited States of America is the single largestproducer, consumer and exporter of Sweetalmonds, with the country contributing to over 80% ofthe global almond production The worlds largest almond handler is the BlueDiamond Growers Cooperative, which is located inSacramento, California Blue Diamond is owned by over two-thirds ofCalifornia growers and markets two-third ofCalifornias crop India is the fastest growing market for Californiaalmonds because of their high protein value in ameatless society. 16. CATEGORIES OF IMPORTER ImportetrsIndustrial userNon-industrialUser Non-actual user 17. Non industrial userRetailersServiceindustriesConfectioneriesManufacturing units 18. Trade fairsNName of the Event VenueDate of EventInvitation for Participation1 World Food, MoscowRussia 17-20 Sept., 2012 Announcement2 Saudi Agro Food, Riyadh Saudi Arabia24-27 Sept., 20123 SIAL Food Fair 2012 ParisFrance21-25 Oct., 2012 Announcement4 India Show Bangladesh 03-05 Dec., 20125 World FoodUkraine31 Oct., to 02 Nov., 2012Announcement6FHC China Shanghai, China14-16 Nov., 2012Announcement7 Fruit Logistica 2013 Berlin06-08 Feb., 20138BioFach 2013 Nuremberg Germany13-16 Feb., 20129GULFOOD - 2013 UAE25-28 Feb., 201310 Canadian Food & Bev. Show Toronto, CanadaFeb/Mar 201311Foodex Japan 2013 Tokyo, Japan05-08 Mar., 201312IFE London United Kingdom 17-20 Mar., 2013 19. 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: FOBAlibaba.com 20. LETTER OF CREDITBlue diamond almond Alminoinidi (California)a pvt ltd.CITY BANK IDBI BANK 21. PROTECTION AGAINST FOREX Export Contract Will suffer fromwith the Buyer wasLosses made in USD If, unfavourable FOREX rates, at the time of paymentForward Contract with IDBI Bank to fix FOREX rateWhen IDBI gets payment from Buyer, it will pay us when shipment is sent on thisfixed conversion rate 22. 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 for90 daysTimlineValue of USDValue of INRCurrent1 55In 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 53.94INR. This can be a good approximation of forward exchange rate 23. 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 Entryformat, disclosing the value of the imported goods Import License Certificate from port health authority that theproduct conforms to standard of PFA spring.gov.sg/QualityStandards/etac/food/Documents/INDIA.pdf 24. 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 25. 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 ofentry requires a certification form the port healthauthority 26. Thank You 27. 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 likeindiamart,alibaba , global sources, thomasnet,kompass,exportersindia Making contacts with international trade developmentauthorities 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 28. OUR SELLER Blue Diamond Growers Headquartered in Sacramento, California, BlueDiamond Growers is the worlds largest almondprocessing and marketing company. Founded in 1910, the 102 year-old cooperative isowned by half of the states almond growers whoproduce over 80 percent of the world almondsupply. The California almond crop is marketed to all 50states and more than 90 foreigncountries, making almonds Californias largestfood export,