Delhi Declaration endorses Russia-backed plan for BRICS Grain Exchange

Source: Business Standard | Original Published At: 2026-09-12 12:55:51 UTC

Key Points

• BRICS members emphasized the importance of establishing a BRICS Grain Exchange, a digital platform first proposed in 2023, with possible expansion to other agricultural products and commodities.
• Russia is championing the BRICS Grain Exchange to reduce dependence on global grain trading platforms largely based in Europe and the United States.
• BRICS countries agreed to establish BRICS AGRIN, a collaborative, non-binding, farmer-centric network on agro-inputs, genetic resources, and information.
• The Delhi Declaration endorsed a Global Forum on Farmers’ Rights in Seed Systems to address common challenges and promote exchange of traditional agricultural and seed-system knowledge.
• BRICS members backed a Network of Centres of Excellence on Agroecology and Regenerative Agriculture for Climate Resilience and Productivity.
• The Declaration also supported a BRICS Network on Digital Agriculture, covering areas including agroforestry, fisheries, and aquaculture.
• BRICS countries reaffirmed their commitment to advancing agricultural negotiations at the WTO and called for a fair, balanced, and development-oriented agricultural trading system.