Russia wants BRICS to become OPEC for wheat. Will members buy it?
TOKYO — Russia is leading a charge to turn the BRICS economic bloc into the top influencer of global grain prices. In a declaration following a three-day BRICS summit this week in Kazan, Russia, a call for the end of “illegal sanctions” against members Russia and Iran grabbed headlines. But buried inconspicuously within the document was a plan to establish a grain exchange within BRICS.
TOKYO — Russia is leading a charge to turn the BRICS economic bloc into the top influencer of global grain prices. In a declaration following a three-day BRICS summit this week in Kazan, Russia, a call for the end of “illegal sanctions” against members Russia and Iran grabbed headlines. But buried inconspicuously within the document was a plan to establish a grain exchange within BRICS.
Source Link : https://asia.nikkei.com/Business/Markets/Commodities/Russia-wants-BRICS-to-become-OPEC-for-wheat.-Will-members-buy-it
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