Lavish subsidies unfairly encouraged large rice crops in India and hurt farmers throughout the world by driving down prices, said the trade group . “The artificially low-priced Indian rice impacts every continent, and India is projected to break their own export record again this year,” said the group, which said the White House should file a WTO challenge to the subsidies.
India is the world’s largest rice exporter by far and is second only to China in rice and wheat production.
In 2020, India’s ag exports were worth $39 billion, said the WTO counter-notification. “India’s agricultural export growth of 65% from 2010-2020 has been supported by India’s rice exports, which increased by 244% over the same period, accounting for 24% of all Indian agricultural exports."
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