BRICS Grain Exchange Idea Moves Forward The proposal for a BRICS grain exchange, championed by Russian President Vladimir Putin, is gaining momentum. This initiative would enable buyers to purchase grain directly from producers within the BRICS countries—Brazil, Russia, India, China, and South Africa—and potentially include other nations like Egypt, Ethiopia, Iran, and the United Arab Emirates. With China and India being the largest wheat producers and Russia the leading wheat exporter, the establishment of such an exchange could significantly impact the global grain market. Eduard Zernin, the head of the Russian Union of Grain Exporters, anticipates that organizational details will be finalized by the upcoming BRICS summit in Kazan, Russia. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE U.S. Economic Momentum Slows, S&P Surveys Indicate READ MORE Nigeria's Central Bank Raises Interest Rate to Tackle Inflation READ MORE Precious Metals on a Winning Streak: Time for a Hard Money Heat Check READ MORE Gold Prices Hit Fresh Record Highs READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment