Adiray Global’s Post

"Breaking Ground: Latest Agricultural Insights & Trade Trends - India!"  Keeping abreast of the latest developments in the agricultural landscape is crucial for informed decision-making. Here are some noteworthy updates: India, South Africa block investment deal at WTO talks. India and South Africa stand firm on their stance at WTO talks, blocking an investment deal. At WTO MC13, India advocates for parity for its farmers amid disparate subsidies. India presses for equitable treatment for its farmers amidst significant subsidy gaps. Vietnam chooses Indian husked brown rice for re-exports. India's quality husked brown rice finds favor in Vietnam for re-export purposes. Bangladesh to import onions from India in March. Anticipated onion imports from India are set to support Bangladesh's market needs. India's poultry exports poised for a record-breaking fiscal year. India's poultry industry gears up for unprecedented export figures this fiscal year. India emerges as a potential global leader in food export and bioprocessing. Experts foresee India's ascendance in food export and bioprocessing on the global stage. India revises wheat procurement target downwards to 35 million tonnes. A revised wheat procurement target underscores adjustments in India's agricultural strategy. Cabinet approves ₹24,420 crore fertilizer subsidy for the 2024 kharif season. Government support for fertilizer subsidy aims to bolster agricultural productivity in the upcoming season. India's merchandise exports witness a 3.12% growth in January 2024. A positive trajectory in merchandise exports underscores India's resilience in global trade. Agricultural exports continue to diversify and expand in January 2024. Exports of agricultural products demonstrate robust growth across various categories, reflecting India's agricultural dynamism. Trade deficit shows improvement in April-January 2023-24. India's trade deficit exhibits a notable reduction, signaling positive trends in the trade landscape. India asserts the importance of fisheries subsidies for developing nations at WTO. India advocates for the significance of fisheries subsidies in supporting the economies of developing countries. Indonesia issues tender to purchase 300,000 metric tons of rice. Indonesia's procurement initiative presents an opportunity for rice exporters. Center contemplates price caps on tur dal imports. Potential price regulations may impact the import dynamics of tur dal. DGFT anticipates exponential growth in India's pulses demand. Rising demand for pulses aligns with India's burgeoning economy on the path to reaching $5 trillion. Stay informed, stay ahead! 🌱 #Agriculture #TradeUpdates #GlobalEconomy

I think the complexities surrounding the agricultural subsidies issue, require a nuanced approach for resolution. On one hand, India's concerns about the outdated calculation method for subsidies at the WTO are legitimate, and the demand for a permanent solution for public stockholding reflects the need for flexibility in supporting farmers while complying with international trade rules. However, withdrawing from the WTO could have unintended consequences. It might limit India's ability to influence global trade policies and effectively address issues like MSP and debt relief for farmers. Instead, I believe there's a need for dialogue and cooperation among nations to reform trade agreements in a way that balances the interests of both developed and developing countries.

Farmers constitute almost half of India’s workforce but grapple with alarmingly low incomes, poor welfare, and high suicide rates. A desire to shield local farmers from foreign competition leads to governments imposing various barriers on agricultural imports, both tariff and non-tariff. Such barriers make global trade in agricultural produce costlier than it should be, creating an artificial shortage in supply. In India, the simple average MFN (most-favoured nation) tariff for farm products is a shocking 39.2% vis-à-vis 14.95% for non-farm products. Free-trade agreements or FTAs can be a useful device to facilitate cross-border trade in agricultural produce and create export opportunities for our farmers. “They allow countries to set lower tariff rates and provide concessions on non-tariff barriers. This results in the opening of new markets and increased export opportunities for farmers. Expanding consumer markets enables a concentration on specific crops, prompting nations to emphasise their respective strengths,” writes Pallavi Agrawal, Team Lead at the Foundation for Economic Development. Read the full piece for The Hindu Business Line here: https://lnkd.in/dCUQiPKc #farmers #farmersmarket #IndiaAgriculture #agricultureandfarming #farmersempowerment

Resumption of Indian Onion Exports to Bangladesh: Implications for Farmers and Agribusiness This article discusses the resumption of onion exports from India to Bangladesh after recent trade disruptions, examining the implications for farmers, exporters, and agribusiness professionals. It also explores the measures taken by the Indian government to stabilize the market and the cautious approach being adopted by exporters amid ongoing uncertainties. https://lnkd.in/e6imNCrx

India's Strong Stand in the WTO: Championing Farmers and Fair Trade India's role in the World Trade Organization (WTO) has been nothing short of pivotal. As a leading voice for developing nations, India has consistently advocated for a fair and equitable trade environment that prioritizes food security and protects the livelihoods of millions of farmers. One of the key areas of focus for India has been ensuring that WTO rules allow developing countries the policy space to support their agricultural sectors. This includes measures like minimum support prices (MSPs) for crops, which are crucial for ensuring food security and farmer well-being in India. While some developed nations have challenged these policies, India has stood firm, arguing that MSPs are essential for safeguarding the lives and incomes of millions of small and marginal farmers. This strong stance resonates with many developing countries facing similar challenges. Beyond its borders, India has emerged as a champion for farmers across the globe. The country actively advocates for fair trade practices that prevent developed nations from dumping heavily subsidized agricultural products in developing countries. This not only protects Indian farmers but also ensures a level playing field for farmers worldwide. Looking ahead, India's leadership role in the WTO is likely to become even more important. As the organization grapples with new challenges like e-commerce and intellectual property rights, India's voice will be crucial in ensuring that the WTO remains relevant and responsive to the needs of developing countries and their farmers. By championing pro-farmer policies and advocating for fair trade practices, India is making a significant contribution to global food security and agricultural sustainability. This strong stance in the WTO paves the way for a more equitable and just trading system that benefits farmers around the world. **#WTO #India #Agriculture #Farmers #FairTrade**

India Maintains 8th Place in Global Agricultural Exports! 🌾 In 2023, India successfully held onto its position as the world’s eighth-largest exporter of agricultural products, despite a decline in exports from $55 billion in 2022 to $51 billion. This remarkable stability comes amid a general decrease in agricultural exports among seven of the top ten exporting nations. 🌍 Key Insights from WTO Trade Statistics 2023: Global Trends: The WTO’s Trade Statistics 2023 report reveals that only three countries among the top ten—Brazil, the European Union (EU), and Thailand—increased their agricultural exports in 2023. Brazil: An impressive 6% increase to $157 billion, securing its third place. European Union: A 5% rise to $836 billion, maintaining its top spot. Thailand: A slight growth of 0.2%, though still outside the top three. 🌐 Impact of Geopolitical Factors: India's export decline can be linked to geopolitical challenges like the Red Sea crisis and the ongoing Russia-Ukraine war, affecting global trade dynamics. Additionally, India imposed export bans on wheat (May 2022), non-basmati rice (July 2023), and sugar (October 2023), impacting overall agricultural exports. 📊 Ranking of Other Top Exporters: United States: Despite a decrease to $198 billion, it retained its second position. China: Holding the fourth spot with a minor drop to $95 billion. Other top ten countries include Canada, Mexico, Indonesia, and Australia. 💻 New Digital Tools for Trade Data: The WTO’s 2023 report introduces a new interactive platform for exploring international trade data. This tool allows users to view and analyze trends in world trade by value and volume, with filters by economy, region, and product group. India's agricultural sector continues to showcase resilience and adaptability in the face of global challenges. Let's acknowledge the efforts of our farmers and exporters in keeping India a key player in the global agricultural market! 🌟 #IndiaAgriculture #GlobalTrade #WTOStatistics2023 #AgriculturalExports #GeopoliticalFactors

In the name of economic globalization that is supposed to create a 'win-win' outcome for all countries engaging in international trade “LooT” is what countries considered as trade titans are essentially pursuing! “Agricultural subsidies in richer countries give their farmers an unfair advantage in global markets, depressing prices and undermining the livelihoods of farmers in the developing world. Historically, the United States and the European Union were the chief culprits but China’s agricultural subsidies now vastly exceed those of the traditional subsidisers. China alone accounts for nearly three-quarters of all cotton subsidies worldwide. Though China is relatively inefficient at producing cotton — with production costs roughly four times as much as those in some African countries — subsidies have made it one of the world’s largest cotton producers. China’s cotton sector has grown at the expense of farmers elsewhere, many of whom toil in conditions of acute poverty. As more than half of global textile production is located in China, it is the world’s largest market for cotton, leaving cotton farmers around the world at the mercy of Chinese policies. China’s subsidies artificially boost its domestic cotton production, displacing imports and lowering global prices. China also imposes tariffs as high as 40 percent to further restrict cotton imports. China’s heavy subsidies and import barriers have reduced the incomes of cotton farmers in Africa and around the world, causing significant economic pain for many developing countries. Fisheries subsidies have fuelled the overfishing of global fish stocks, contributing to a world fisheries crisis. Today, 90 percent of global fish stocks are already fully exploited and almost a third are being fished at a biologically unsustainable level. Developing countries that rely on fishing for food supply and livelihoods are most vulnerable to the effects of fish stock depletion. Subsidies enable richer countries with large industrial fishing fleets to exploit resources far beyond their territorial waters ....at the expense of local fishing communities. China has emerged as the world’s biggest fisheries subsidizer with the largest and furthest-ranging industrial fishing fleet….With its fish stocks severely depleted due to overfishing, China has used heavy subsidies — for fuel, shipbuilding, and processing — to enable its fleet to expand into international waters…..China’s heavily subsidized fleet now accounts for 42 percent of global fishing activity — outstripping the next 10 biggest countries combined. For many developing countries, the effects have been devastating! Chinese President Xi Jinping has sought to portray China as a champion of global development, pursuing a ‘win-win’ form of economic globalization that benefits all countries. But for trade to truly benefit everyone, China must be held accountable for the effects of its trade policies on poorer countries and reign in its harmful subsidies.”

The article from East Asia Forum discusses India's decision to curb exports of agricultural products, which has been criticized by several advanced countries. It argues that export controls will not solve India's deeper agricultural problems, such as volatility in agricultural production, low farm incomes, and food insecurity. The article suggests that India needs to explore measures that could help prevent global food shortages while addressing its agricultural production's unpredictability. It also highlights that political considerations discourage the Indian government from relying on imports to augment domestic supplies. The article concludes that India needs to address its agricultural sector's deeper problems to ensure food security and prevent global food shortages. https://lnkd.in/dVA7zsYc

।। Mango Export Present scenario and how to export more ।। The current mango export conditions of Bangladesh are quite promising. The government officially launched the mango export for the current season with a target of 4,000 tonnes, which is double compared to the last year. This initiative was inaugurated at the Central Packing House in Dhaka, and it’s part of a broader effort to increase the export volume of mangoes, which are renowned globally for their quality. In recent years, the rate of mango export has seen a significant increase. For instance, in the fiscal year 2021-22, Bangladesh exported 1,757 metric tonnes of mangoes to 28 countries1. This year, the number has risen to 2,700 tons and the mangoes have reached 34 countries. However, there are challenges that need to be addressed to further boost exports. One major obstacle is the lack of Good Agricultural Practices (GAP) certification, which is necessary for supplying mangoes to mainstream supermarkets in Europe and the US1. The government is taking steps to overcome this by implementing the Exportable Mango Production Project, which aims to produce export-standard mangoes and potentially expand the export rate. The Department of Agricultural Extension is implementing a Tk 47 crore project from 2022 to 2027 in 46 upazilas of 15 districts to support this goal. This includes creating 604 mango orchards of exportable mangoes, holding 350 mango production exhibitions with better agricultural practices, and distributing tools among farmers to reduce post-harvest damages. With these efforts, Bangladesh is aiming to strengthen its position as the world’s seventh-largest mango producer and increase its share in the global mango market. The potential for growth is significant, and with the right policies and support, Bangladesh could see a substantial increase in mango exports in the coming years.