Analysts say proposed BRICS grain exchange is doomed to fail, comparing it to similar initiatives attempted in the past
SASKATOON — A BRICS grain exchange won’t work, say analysts. Russia’s proposal to create a new international grain exchange was recently approved by the BRICS group of countries at a summit in Russia. BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates. It includes […] Read moreTag Archives BRICS grain cartel
BRICS grain exchange will take time
MOSCOW, Russia (Reuters) — Russia’s proposal for a new international grain exchange could take years to get off the ground, even though the plan was welcomed by members of the BRICS group of countries at a recent summit in Kazan, Russia. The country has been pushing to establish the exchange as part of a broader […] Read more
BRICS grain cartel unlikely
SASKATOON — Russia is spearheading efforts to establish an OPEC of the grain trade, but industry officials in North America doubt it will happen or that it will have much influence if it does. Russia is urging the BRICS trade alliance to form an inter-bloc grain exchange, according to an article published by World Grain. […] Read more
