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Rice industry tells House subcommittee Indian subsidies and public stockholding threaten U.S. farmers
Summary
The USA Rice Federation warned that Indian public stockholding and subsidies have increased imports and displaced domestic sales, citing a USITC study update and urging U.S. enforcement and coordinated trade responses including section 301 actions and multilateral dispute steps.
Peter Bachman, president and CEO of the USA Rice Federation, told the Ways and Means subcommittee that sustained subsidies and public stock holding in countries such as India have distorted world rice prices and harmed U.S. rice producers. "An American rice farmer isn't competing against an Indian rice farmer. They're competing against the Indian government," Bachman said, explaining that subsidized exports flood…
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