Rice/Food Grains Trading involves the buying and selling of rice and other food grains on a commercial scale. Traders source these commodities from suppliers, manage storage and transportation logistics, analyse market trends, and engage in marketing and sales activities. This business activity ensures the efficient distribution of staple food items and plays a crucial role in maintaining food security and stability in various regions.

The business activity that falls under Rice/Food Grains Trading is:

Wholesale of Grains and Seeds (4620.01)

This refers to the commercial activity of buying and selling grains and seeds in bulk quantities to other businesses, rather than directly to individual consumers. It involves the distribution of these agricultural products on a larger scale, typically to retailers, food processing companies, and other wholesale buyers. This business activity falls under the category of “Rice/Food Grains Trading” because it specifically focuses on the trading of grains and seeds, which are essential components of the food grain industry. While the term “grains” can encompass various types such as wheat, corn, barley, oats, etc., it also includes rice, which is a primary food grain.

· Third-party Approval: No third-party approvals are required for this business activity

· Anti-Money Laundering Compliance: Business activity 4620.01 is exempt from this requirement.

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