The Grain Market in India and the Creation of the BRICS Grain Union

The article examines the current situation in wheat market India and its potential within global food security dynamic. In particular, it analyzes a number of instruments programs national policy grain sector: minimum support prices, public procurement, distribution systems, storage facilities their management, regulation, trading mechanisms platforms. aspect development Indian trade infrastructure, Electronic Platform for National Agriculture Market (eNAM) commodities exchanges are considered. provides explanation on why India’s ambitious plans announced several years ago to expand exports world can hardly be fully realized near future due such reasons as climate risks, phytosanitary problems quality controls, lack logistics well huge social political importance supplies local market. Through continuation reforms an efficient manner, resume position one leading exporters. It is proposed that Russia, South Africa (as new members – Iran Argentina) create anew BRICS Grain Union.