SCO & BRICS latest news and insights
The BRICS summit in Kazan decided on the establishment of a BRICS grain exchange. At present, the United States and France exert control over all mechanisms for regulating grain prices. Given that the rules were formed almost a 80 years years ago, when the global economic landscape was very differen...
By Rhod Mackenzie
Moscow plans to build transport and logistics centres, industrial parks and other infrastructure in Africa, Southeast Asia and Latin America. In this way, Russia will begin to redirect its non-resource, non-energy exports to new markets, Izvestiya learned. The government intends...
By Rhod Mackenzie
The revitalized BRICS is strengthening its position on multiple fronts simultaneously. Russia intends to establish a shared grain exchange, which will enhance Moscow's significance as a primary supplier and bolster the food security of the interstate alliance. Furthermore, this w...
Egypt and Russia are in talks about establishing a logistics center in the Suez Canal zone for storing wheat supplies from Moscow, Sputnik reported, citing the North African nation's Ministry of Supply and Internal Trade.
Cairo, which counts Moscow as its major grain supplier, had previously said...
By Rhod Mackenzie
According to the Union of Grain Exporters, Turkey remained the primary importer of Russian grain and wheat during the first half of the 2023-2024 season (from July 1, 2023 to June 30, 2024).
According to the union's telegram channel, Turkey remained the top importer of Russian...
By Rhod Mackenzie
The harvest season in Russia is almost completed. As of the beginning of November, ICAR reports that approximately 142 million tonnes of cereal crops have been threshed, which is 9 million tonnes less than the previous year's record. The wheat harvest is predicted to yield about...
