Indian rice exports helped cool global prices, says WTO

collectively helped cool food markets," the WTO said.

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Policy shift caused a 29% fall in global rice prices.

(ISTOCKPHOTO)

According to the international trade body, the total value of global food aid under the Food Assistance Convention reached nearly $7.9 billion in 2023, exceeding the minimum commitments made by donor countries.

The US remained the largest contributor with $3 billion annually, followed by the European Union, Japan, and Canada. India, though not a signatory to the convention, contributed indirectly by releasing export volumes that reached food-deficient markets through private and humanitarian channels.