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BRICS Leaders Highlight Importance of Creating BRICS Grain Exchange, Declaration Says

Líderes destacam importância da criação da Bolsa de Grãos do BRICS, diz declaração
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismSustainable Development

Source: Brasil 247 | Original Published At: 2026-09-13 01:59:51 UTC

Key Points

  • BRICS leaders highlighted the importance of continuing work on the initiative to establish a common grain exchange within the bloc.
  • The joint declaration welcomed further discussions on the platform's operating modalities, future development, and expansion to other agricultural commodities.
  • Leaders underscored BRICS's role in global food production and the need to ensure food security.
  • They stressed the need to reduce the impact of sharp price fluctuations and supply disruptions, including fertilizer shortages.
  • The statement was released during the BRICS Summit in New Delhi, with India holding the bloc's rotating presidency.
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