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UN Report: Global hunger numbers rose to as many as 828 million in 2021

-Press release by FAO dated 6 July 2022 The latest State of Food Security and Nutrition report shows the world is moving backwards in efforts to eliminate hunger and malnutrition Rome/New York: The number of people affected by hunger globally rose to as many as 828 million in 2021, an increase of about 46 million since 2020 and 150 million since the outbreak of the COVID-19 pandemic (1), according to a United...

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India seeks new benchmark for farm subsidy at WTO -Banikinkar Pattanayak

-Financial Express The extent of asymmetry between the support extended by the developing and the developed countries was brought to the fore in an earlier paper jointed submitted by India, China and some others. India, along with 80-odd developing countries, has sought a revision of the over three-decade-old external reference prices of farm commodities that are used by the World Trade Organization (WTO) to calculate current domestic farm subsidies extended by developing...

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WTO’s MC12 ends, India’s demand on public stockholdings for food grains pushed to 2023 -Himanshu N

-Down to Earth India had pressed for a concrete solution to the issue; but some other countries hardened their positions, resulting in a lack of consensus, according to a delegate The 12th Ministerial Conference (MC12) of the World Trade Organization (WTO) that began in Geneva June 12, ended June 16, with India’s demand to seek a permanent solution on public stockholdings (PSH) of food grains being pushed to MC13 in 2023. A member...

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Have India and South Africa, Lead Sponsors of the TRIPS Waiver Proposal, Reconciled to a Weak Text? -Priti Patnaik

-TheWire.in At the cusp of the 12th WTO ministerial conference, the co-sponsors seem to be giving up on the fight. Geneva: After more than 18 months of bringing their bold proposal at the World Trade Organization (WTO) to temporarily suspend some intellectual property protections to decisively address COVID-19 in an effort to enable local manufacturing capacity, sponsors India and South Africa do not seem to be leading from the front, Geneva-based trade...

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Is the ban on wheat exports good policy? -Vikas Dhoot

-The Hindu It is ad hoc, hurts farmers’ incomes, and may not impact inflation much  Over the last month, the government has banned the export of wheat and imposed quantitative restrictions on outbound sugar shipments. The wheat export ban came within days of a push to enhance India’s wheat supplies to the rest of the world after Russia’s invasion of Ukraine. This is a time of persistently high inflation, spurred by rising...

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