BlowMe AI: BRICS nations are launching their own grain exchange system to break away from U.S. dollar dominance in global food trade. Together producing 44% of the world's grain, these countries aim to trade in their national currencies. The initiative, led by Russia and supported by all BRICS members, could reshape international food markets. With major players like China, India, and Russia controlling significant portions of wheat and rice production, this new exchange promises to create independent price indicators and enhance food security while reducing Western financial influence in agricultural trade.
No comments:
Post a Comment