The FAO’s 2024 Food Outlook projects a 2.2% increase in the global food import bill, exceeding US$ 2 trillion, driven by rising prices for cocoa, coffee, tea, and higher costs for fruits and vegetables. Climate change and extreme weather events have exacerbated supply shortages, particularly for wheat, with major exporters...
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%....
The persistently high CPI figure may look worrisome, as the latest numbers have beaten economic expectations. But they are expected to ease out in the coming months, especially with the rabi season showing promise. Furthermore, international factors like robust employment rates and growth in consumption in the U.S. will also...
The global disruption in supply chains due to the Russia-Ukraine conflict has provided an opportunity for India to position itself as an alternative supplier. While current year production trends are not encouraging, IBT analyses the key markets that could open up for Indian wheat in the coming years. Image credit:...
Globally, India ranks 5th in total export of cereals. However, looking at the top exported products, India’s share is negligible in all categories barring rice. This article emphasises the need for ensuring a larger presence for India in the global market through product diversification and value addition. The Indian economy...
Despite the drop in agri-exports, India may be well placed to benefit from emerging opportunities amid supply chain disruptions in key target markets. To raise its share in global agri-trade, India must aggressively seize the present opportunity with a stable policy on its agri-exports with enhanced investments in supportive infrastructure,...
India needs to properly assess and resolve the issue of losses in foodgrains in transit. Besides reducing wastage and improving the lot of farmers, this will also boost its growth prospects in the international market. • Storage is the major cause of post-harvest losses for all kinds of food in...
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