BRICS and the New Geography of Agri-Trade
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Dr ML Jat, Dr Smita Sirohi
Contd from previous issue
Recent crises in West Asia have shown that production can be disrupted long before food reaches the market. Cooperation should include early-warning systems for fertiliser and input markets, transparent information on stocks and prices, and mechanisms to reduce sudden disruptions in essential agricultural inputs. A third priority is market intelligence. The BRICS Grain Exchange idea points to the need for better transparency, price discovery and food-security preparedness. India could build on this by proposing an agricultural market intelligence function within the BRICS Agricultural Research Platform. (To be contd)
Contd from previous issue
Recent crises in West Asia have shown that production can be disrupted long before food reaches the market. Cooperation should include early-warning systems for fertiliser and input markets, transparent information on stocks and prices, and mechanisms to reduce sudden disruptions in essential agricultural inputs. A third priority is market intelligence. The BRICS Grain Exchange idea points to the need for better transparency, price discovery and food-security preparedness. India could build on this by proposing an agricultural market intelligence function within the BRICS Agricultural Research Platform. (To be contd)