BRICS have the world’s largest grain traders in their sights
On July 9, competition authorities from the BRICS group met at a closed meeting in Geneva at the UN Trade and Development (UNCTAD) headquarters. The objective of the meeting was to tackle the market dominance of the biggest players in the global grain trade: ADM, Bunge, COFCO, Cargill and LDC (known collectively as ABCD+). The issue is of strategic importance for the BRICS countries as they account for around 44% of global grain production and 25% of grain consumption. Read More
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