인도 밀 수출 시장 (12월, 2022)

In 2022, India's agriculture sector was challenged by adverse weather conditions and the Russia-Ukraine conflict, leading to crop losses and surge in retail prices. The government responded with measures such as export curbs and providing additional foodgrains to the public. Despite these challenges, the country achieved a record foodgrain production of 315.72 million tonnes in the 2021-22 crop year. The year also saw a reduction in import duties on edible oils to increase domestic availability and control local prices, and a significant increase in the fertilizer subsidy bill due to unchanged retail prices amid rising global prices. The government also set up a committee to strengthen the Minimum Support Price (MSP) mechanism.