Part 1/10:
The Rise of BRICS and Its Potential Impact on Global Food Markets
As the BRICS nations—Brazil, Russia, India, China, and South Africa—continue to expand their influence in the global economy, there are rising concerns about their capability to establish a monopoly in the grain market. These countries already control over half of the world's grain production and are pursuing initiatives that could significantly alter the landscape of global trade and food security. With recent developments, particularly the establishment of a new BRICS Grain Exchange, discussions about whether this will promote food justice or create a new set of masters in global food systems are intensifying.