Consider the following statements :

1. India is a member of the International Grains Council.

2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat.

Which of the statements given above is/are correct?

The correct answer is Option 1.

Key Points

• India is one of the members of IGC. The International Grains Council (IGC) is an intergovernmental organization which oversees the Grains Trade Convention and seeks to promote cooperation in the global grain trade. Hence, Statement 1 is correct.
• Currently, only 30 countries are members of the IGC. There is no such mandate under the council for a country to be a member of IGC to export or import rice and wheat. Countries such as Russia, Ukraine, Afghanistan, etc. are not the members of the IGC and yet they actively do import export of the grains. Hence,Statement 2 is incorrect

Additional Information

• The International Grains Council (IGC) is an intergovernmental organization that works to promote cooperation in the global grain trade
• Established: 1949, originally as the International Wheat Council.
• Headquarters: London, England.
• Hosts an annual Grains Conference bringing together industry players and policymakers.