27.11.2025, 23:23
It became known about the serious problem of Russian farmers
Source: OREANDA-NEWS
OREANDA-NEWS The export potential of Russian grain suppliers is being held back by international traders who control the vast majority of shipments of agricultural products. Alexey Ivanov, a professor at the National Research University of Higher School of Economics, spoke about the serious problem of domestic agricultural exporters, as quoted by TASS.
Recently, the expert noted, domestic grain traders have managed to strengthen their positions in the domestic market. However, at the global level, the dominant position is occupied by members of the so-called ABCD+ trading group. This circumstance, Ivanov stressed, significantly constrains the export potential of Russian grain suppliers. If Russia could form a new structure for the global grain market, it would double the volume of shipments to foreign markets.
In order to effectively combat global trading monopolies, Russia needs to increase cooperation with the BRICS countries. The solution to the problem may be coordinated antitrust measures and the creation of a joint grain exchange. Reformatting the global grain market will benefit all BRICS members, which include the largest exporters of these products, Ivanov stated.
Earlier, the deputy head of the Ministry of Foreign Affairs (MFA) of the Russian Federation, Sergei Ryabkov, announced the progress made in creating a single grain exchange within the framework of the BRICS. By the middle of 2025, he noted, the member countries of the association had an understanding of how this trading platform would function. However, there is no reason to talk about the imminent launch of a single grain exchange yet — such conversations have been going on for years, but so far they have not yielded any result.
The current global grain trading system was formed after World War II under the auspices of the United States as the main supplier of wheat and corn. For this reason, the main market indicators and quotes are currently based on the Chicago Mercantile Exchange (CME), and the US dollar is mainly used as the settlement currency. The role of BRICS in shaping global grain prices, taking into account these factors, remains limited. Large monopolistic traders, Professor Ivanov explained, actively use this and make money on the volatility of grain quotations.
Recently, the expert noted, domestic grain traders have managed to strengthen their positions in the domestic market. However, at the global level, the dominant position is occupied by members of the so-called ABCD+ trading group. This circumstance, Ivanov stressed, significantly constrains the export potential of Russian grain suppliers. If Russia could form a new structure for the global grain market, it would double the volume of shipments to foreign markets.
In order to effectively combat global trading monopolies, Russia needs to increase cooperation with the BRICS countries. The solution to the problem may be coordinated antitrust measures and the creation of a joint grain exchange. Reformatting the global grain market will benefit all BRICS members, which include the largest exporters of these products, Ivanov stated.
Earlier, the deputy head of the Ministry of Foreign Affairs (MFA) of the Russian Federation, Sergei Ryabkov, announced the progress made in creating a single grain exchange within the framework of the BRICS. By the middle of 2025, he noted, the member countries of the association had an understanding of how this trading platform would function. However, there is no reason to talk about the imminent launch of a single grain exchange yet — such conversations have been going on for years, but so far they have not yielded any result.
The current global grain trading system was formed after World War II under the auspices of the United States as the main supplier of wheat and corn. For this reason, the main market indicators and quotes are currently based on the Chicago Mercantile Exchange (CME), and the US dollar is mainly used as the settlement currency. The role of BRICS in shaping global grain prices, taking into account these factors, remains limited. Large monopolistic traders, Professor Ivanov explained, actively use this and make money on the volatility of grain quotations.
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