Russia's proposal for a new international grain exchange could take years to get off the ground even though the plan was welcomed by members of the BRICS group of countries at a summit this week in Kazan in Russia.
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Russia’s proposed grain exchange for BRICS countries may take years to launch
BRICS leaders tout grain exchange, joint finance at Russian summit
Leaders of the nations in the BRICS grouping, which accounts for 37 per cent of global economic output, predicted its influence would grow as they met in Russia on Tuesday, outlining common projects ranging from a grain exchange to a cross-border payments system.
Ukraine foreign minister calls for support to stop Russian strikes on its Black Sea ports
Ukrainian Foreign Minister Andrii Sybiha said on Monday he and Turkish President Tayyip Erdogan had discussed safe navigation for shipping in the Black Sea.
Russia seeks more control over global food prices with BRICS grain exchange
Russia is proposing BRICS countries set up a grain exchange that would give Moscow greater control over international prices for its agricultural exports, ahead of a group summit that will be attended by leaders of top global grain producers and buyers.
Russia’s Kursk region declares emergency due to winter grain crop failure
Russia's Kursk region has introduced emergency measures due to a drought which killed winter grain crops, the local government said on Thursday.
Harsh weather curbs global wheat output, buoys prices
World wheat inventories have fallen from record highs five years ago, U.S. data shows, as poor weather hurt output and Russia's 2022 invasion of Ukraine temporarily spiked grain prices.
Russia says grain harvest hit by Ukraine war, bad weather
Russia's grain harvest will be hit by the impact of Ukraine's attacks on grain-producing regions close to the border and by bad weather in many other regions.
Ukraine farm sector indirect losses may reach $83B due to Russian invasion, analysts say
Indirect losses in Ukraine's key agricultural sector caused by the Russian invasion could reach $83 billion by the end of 2025, mainly due to falling harvests, the Kyiv School of Economics (KSE) said on Thursday.
Russian drones attack port infrastructure, power substations in Ukraine
Russian drones overnight attacked port infrastructure in Ukraine's southern Odesa region, damaging a grain facility and buildings at a border crossing to Romania, as well as cutting power to thousands in the northern Sumy region, officials said.
Altai becomes fifth Russian region to declare emergency due to crop problems
Altai on Friday became the fifth Russian region to declare a state of emergency this month due to crop problems caused by extreme weather, saying too much rain had waterlogged the soil.
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