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Which pair of BRICS countries will first sign a non-dollar grain trade agreement by mid-2024?
5
Resolution / Starting Odds
China and Russia • 33%
India and Brazil • 33%
South Africa and India • 34%
Official announcements from BRICS countries, International trade reports
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BRICS Supports Russia's Grain Exchange Initiative with Non-Dollar Settlements
Jun 30, 2024, 03:30 AM
The BRICS countries have supported Russia's initiative to create a specialized grain exchange, which will operate with non-dollar settlements. This move is part of a broader effort to de-dollarize international trade among BRICS nations. Russia's agriculture minister, Oksana Lut, highlighted that BRICS countries produce 40% of the world's grain crops, 50% of fish, and 50% of dairy products.
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India • 17%
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Brazil • 25%
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India • 25%
China • 25%
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Argentina • 25%
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Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%
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Chinese Yuan • 25%
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BRICS Currency • 25%
Brazil • 25%
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Brazil • 20%
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China • 20%
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Brazil • 20%
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Brazil • 20%
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