The Grain Market in India and the Creation of the BRICS Grain Union
The article examines the current situation in the wheat market in India and its potential within the global food security dynamic. In particular, it analyzes a number of instruments and programs of national policy in the grain sector: minimum support prices, public procurement, public distribution s...
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| Format: | Article |
| Language: | English |
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Publshing House V.Ема
2022-09-01
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| Series: | BRICS Law Journal |
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| Online Access: | https://www.bricslawjournal.com/jour/article/view/675 |
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| author | A. Ivanov K. Molodyko M. Kalimullina |
| author_facet | A. Ivanov K. Molodyko M. Kalimullina |
| author_sort | A. Ivanov |
| collection | DOAJ |
| description | The article examines the current situation in the wheat market in India and its potential within the global food security dynamic. In particular, it analyzes a number of instruments and programs of national policy in the grain sector: minimum support prices, public procurement, public distribution systems, storage facilities and their management, market regulation, trading mechanisms and platforms. In the aspect of the development of Indian grain trade and infrastructure, the Electronic Platform for National Agriculture Market (eNAM) and food commodities exchanges are considered. The article provides explanation on why India’s ambitious plans announced several years ago to expand wheat exports to the world market can hardly be fully realized in the near future due to such reasons as climate risks, phytosanitary problems and quality controls, lack of storage and logistics infrastructure, as well as the huge social and political importance of wheat supplies in the local market. Through the continuation of the current reforms in an efficient manner, India can resume the position of one of the leading wheat exporters. It is proposed that Russia, India and South Africa (as well as the potential new members – Iran and Argentina) create anew BRICS Grain Union. |
| format | Article |
| id | doaj-art-2cf2dcc9e26f4352976e04f6c31eebbc |
| institution | Kabale University |
| issn | 2409-9058 2412-2343 |
| language | English |
| publishDate | 2022-09-01 |
| publisher | Publshing House V.Ема |
| record_format | Article |
| series | BRICS Law Journal |
| spelling | doaj-art-2cf2dcc9e26f4352976e04f6c31eebbc2025-08-20T03:45:15ZengPublshing House V.ЕмаBRICS Law Journal2409-90582412-23432022-09-019311714310.21684/2412-2343-2022-9-3-117-143235The Grain Market in India and the Creation of the BRICS Grain UnionA. Ivanov0K. Molodyko1M. Kalimullina2National Research University Higher School of EconomicsNational Research University Higher School of EconomicsNational Research University Higher School of EconomicsThe article examines the current situation in the wheat market in India and its potential within the global food security dynamic. In particular, it analyzes a number of instruments and programs of national policy in the grain sector: minimum support prices, public procurement, public distribution systems, storage facilities and their management, market regulation, trading mechanisms and platforms. In the aspect of the development of Indian grain trade and infrastructure, the Electronic Platform for National Agriculture Market (eNAM) and food commodities exchanges are considered. The article provides explanation on why India’s ambitious plans announced several years ago to expand wheat exports to the world market can hardly be fully realized in the near future due to such reasons as climate risks, phytosanitary problems and quality controls, lack of storage and logistics infrastructure, as well as the huge social and political importance of wheat supplies in the local market. Through the continuation of the current reforms in an efficient manner, India can resume the position of one of the leading wheat exporters. It is proposed that Russia, India and South Africa (as well as the potential new members – Iran and Argentina) create anew BRICS Grain Union.https://www.bricslawjournal.com/jour/article/view/675food securityindian wheat marketwheat futures trading in indiagrain market regulation in indiabrics grain union |
| spellingShingle | A. Ivanov K. Molodyko M. Kalimullina The Grain Market in India and the Creation of the BRICS Grain Union BRICS Law Journal food security indian wheat market wheat futures trading in india grain market regulation in india brics grain union |
| title | The Grain Market in India and the Creation of the BRICS Grain Union |
| title_full | The Grain Market in India and the Creation of the BRICS Grain Union |
| title_fullStr | The Grain Market in India and the Creation of the BRICS Grain Union |
| title_full_unstemmed | The Grain Market in India and the Creation of the BRICS Grain Union |
| title_short | The Grain Market in India and the Creation of the BRICS Grain Union |
| title_sort | grain market in india and the creation of the brics grain union |
| topic | food security indian wheat market wheat futures trading in india grain market regulation in india brics grain union |
| url | https://www.bricslawjournal.com/jour/article/view/675 |
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