The global market for seasonings, spices and herbs is booming, with total production nearing US$6.5bn per year. Supported by growing demand in food service and growing consumer fascination for different cuisines, the total flavouring markets maintain an upward trend in volumes and values. Moreover, global production of herbal, aromatic and medicinal plants is also increasing, largely as a result of rising interest in alternative health products. These commodities are processed into a wide variety of health foods, preventative medicines and alternative products (such as capsules, teas, tablets, oils and creams) and sold as over the counter remedies to common health problems.

These products are often grown and processed outside of the UK and EU, and can subsequently be subject to stringent constrictions on the quality and volume of receivable which can be imported and extensive customs checks – complex, when time is of the essence to preserve the quality of the receivable. However, Trade Finance Global can expedite these trade transactions using its proven support structure for international traders. Underpinned by private finance on flexible repayment terms, businesses can be assured goods are moving through supply chains, processing plants and ports through a series of performance-based payment structures including performance bonds or bank payment obligations, and teams can advise on appropriate transportation and warehousing solutions for these complex products.