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. [2024]

Consider the following statements:

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

The International Grains Council (IGC) is an intergovernmental organisation that seeks to:
- Further international cooperation in grains trade;
- Promote expansion, openness and fairness in the grains sector;
- Contribute to grain market stability and to enhance world food security.
Secretariat: London
Members: Membership of the IGC consists of all the parties to the Grains Trade Convention, 1995.
India is a member country.
The IGC holds two regular Council Sessions each year, either in London or, by invitation, in member
countries.
Its functions are:
- To oversee the implementation of the Grains Trade Convention, 1995;
- To discuss current and prospective grain market developments;
- To monitor changes in national grain policies and their market implications.
- It services the Food Aid Committee, established under the Food Aid Convention 1999.

It is not mandatory for a country to be a member of the International Grains Council for exporting or importing rice and wheat

Statement 2 can be eliminated using basic trade understanding. International trade in rice and wheat cannot be restricted only to members of one organisation; such a condition would be too restrictive and impractical. Statement 1 is most likely correct because India is usually a member of major international councils related to key sectors such as grains and food trade.