Five WTO members—the US, Argentina, Australia, Canada, and Ukraine—have flagged concerns over India’s agricultural subsidies, specifically its Market Price Support (MPS) for rice and wheat. They claim that India has underreported its support levels, with rice subsidies exceeding 87% of production value in 2021-23 and wheat support ranging from 67-75%....
India’s agricultural sector faces a formidable challenge with a projected US$ 4 billion cut in exports. Recent trade restrictions on staples like wheat, rice, and sugar have rippled through the industry, causing a 9% decline in exports. From a 98% drop in wheat exports to extended bans on sugar, the...
Wheat is the most widely cultivated cereal in the world as both developing and developed countries are involved in wheat production. Yet, rattled by the Russia-Ukraine war, the world is currently facing the risk of a grave food crisis. ● Wheat is now the most widely cultivated cereal in the...
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