SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
For the first time in at least three years, Russia has more than doubled its grain exports. According to the Federal Customs Service, by mid-September exports had reached 44.6 million tonnes. At the same time, the share of agricultural exports to 'so called' friendly countries ros...
By Alexander Labykin
After withdrawing from the grain deal, Russia got rid of the price discount for its wheat on the world market. However, the growth of exports and profits of grain producers is limited by the current export duty
With the termination of the grain deal, wheat exports from Ukrai...
