Competing against India in the rice export market, Thailand came to India to buy wheat

- Amid allegations that India sent rice purchased at support prices to the world market, various countries took the matter to the WTO.

The Russia-Ukraine war has seen a sudden turn of events in various markets at home and globally. And amidst the massive boom in the markets, even the veteran players have seen a flurry of gossip. In such winds grain, wheat, rice vs. Markets have also seen changing equations. According to grain market sources, overseas demand for Indian wheat has increased significantly, while indications of increased competition from Thailand for rice exports are also flowing. Earlier, in the year 2021, there was a huge increase in rice exports from India and oil spilled in the stomach of America. The US has taken the issue to the World Trade Organization, alleging that India has sidelined the requirements of its public stock holding programs to boost rice exports by using the Bali Interim Peace clause. Europe, Britain, Thailand, Japan v. Countries that have sported countries have met overseas. However, India has said that rice stocks under the public stock holding PSH program have not been used to boost rice exports from the country. This quantity of rice was purchased by the government at support prices at a minimum sport price. India has said that this quantity has not been used for rice exports. Rice exports from India rose sharply in the year 2061, surpassing the level of 500 lakh tonnes, reaching 315 to 215 lakh tonnes, much to the astonishment of various countries globally. Now that efforts to take the issue to the World Health Organization in the form of controversy have begun globally, the issue has been hotly debated in the grain market. Efforts are underway to abolish the special provision for India under the Bali Interim Division. India has opposed this. Canada, Japan, Europe, Paraguay, Thailand, Britain, Uruguay v. The support of such countries has been found in the world market. The Bali Peace Meeting was held in 2016 in which a campaign was launched to ensure that developing countries could exceed the subsidy ceiling. Various countries are accusing India of dumping subsidized rice in the world market.

Meanwhile, a new challenge has also arisen for the country's rice exporters. There are indications that Thai rice is coming in large quantities in the world market. Thailand ranks third in the world in terms of total rice exports. According to global experts, rice exports from Thailand are expected to reach 5 million tonnes this year. This has led to increasing competition in the world market against rice exports from India. Three countries are currently playing an important role in rice exports to the world market and India, Vietnam and Thailand are being named among these three countries.

According to sources in the Thai Exporters Association, Thailand's rice exports are expected to grow in the world market. In the current calendar year of 203, in the three months of January, February and March alone, rice exports from Thailand have increased to close to 3 million tonnes.