India to spend tens of billions in 2023 to incentivize rice production.

Last week, the U.S. Department of Agriculture (USDA) reported in the March World Agriculture Supply and Demand Report that India will continue to dominate the world rice trade in the 2022/23 marketing year, projecting that they will break their own world record with 22.5 million metric tons (MT) of rice exports on tap. In May 2022, the U.S. government along with nine other governments initiated technical consultations with India regarding their...