BRICS announces plans to create a grain exchange.

"We are grateful to all BRICS member countries for their support of the Russian initiative to create the BRICS grain exchange.

Now, in accordance with the instructions of the President of the Russian Federation, Vladimir Putin, we will work together with our colleagues on the creation and development of this platform and the development of the possibility of settlements in national currencies of the BRICS countries.

BRICS countries now make up about 30% of all arable land in the world. We jointly produce about 40% of grain crops, 50% of fish, and 50% of dairy products worldwide.

Therefore, BRICS countries are a key platform for ensuring global food security."

@BRICSNews