BRICS Competition Authorities Establish Task Force to Study Global Grain Trade

Source: The Manila Times | Original Published At: 2026-07-17 10:39:57 UTC

Key Points

• BRICS competition authorities established a task force to conduct a joint sector inquiry into global grain trade under the BRICS Working Group on Food Markets.
• The task force will be co-chaired by Brazil's CADE President Diogo Thomson and Egyptian Competition Authority Chairperson Mahmoud Momtaz.
• The initiative was announced at a discussion organized by the BRICS Competition Law and Policy Centre during the 23rd Session of UNCTAD's Intergovernmental Group of Experts on Competition Law and Policy in Geneva.
• The task force will build on a joint BRICS Competition Centre-UNCTAD report first presented at the 9th BRICS International Competition Conference in Cape Town in 2025.
• Participants proposed developing an AI-powered price monitoring tool for BRICS grain markets to improve market transparency.
• The sector inquiry aims to support implementation of the BRICS Grain Exchange initiative endorsed in the Kazan Declaration (2024) and Rio de Janeiro Declaration (2025).
• The next BRICS International Competition Conference is scheduled to take place in Brazil in 2027.