India's Non-Basmati White Rice Exports and Fisheries Subsidies - A Deep Dive

India has exported non-basmati white rice worth USD 122.7 million between April and May of this fiscal year. The government is monitoring production and export to ensure policy intervention if needed. Fisheries subsidies agreements are also under discussion, but current frameworks protect genuine fishermen's interests.

India's non-basmati white rice exports reached USD 122.7 million during April-May this fiscal year, according to government reports. Authorities are closely monitoring production and export scenarios to make timely policy interventions.

Export figures for the past years include USD 852.53 million in 2023-24, USD 2.2 billion in 2022-23, and USD 2 billion in 2021-22. The export of non-basmati white rice has been prohibited since July 20, 2023, but allowances are made for countries facing food security issues upon their government's request.

Meanwhile, the Fisheries Subsidies Agreement (FSA) has yet to be ratified by two-thirds of WTO members. The agreement, which aims to protect fishermen from regulations concerning Illegal, Unreported, and Unregulated (IUU) fishing and overfished stocks, ensures that genuine fishermen will continue receiving subsidies.

(With inputs from agencies.)