The BRICS countries have advanced in their efforts to create a grain exchange, with technical details now under discussion. This announcement was made by Deputy Prime Minister Dmitry Patrushev during his address at the Government Hour session in the Russian State Duma.
"Work is underway to establish a BRICS Grain Exchange. We have made quite significant progress on this issue. Discussions on the technical details are already ongoing," he stated.
The Russian Deputy Prime Minister expressed confidence that the launch of the BRICS Grain Exchange will help establish more equitable benchmarks for global grain prices.
The proposal to create the exchange was initially put forward by Russian President Vladimir Putin during an expanded session of the #BRICS Summit in Kazan in late October of last year. The Russian leader emphasised that this initiative would bolster food security within the group.
#NEWS #Summit
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