The Russia-China grains corridor will completely displace the US, Canada, Australia, and France [Video]

Inside China Business | August 31, 2024

Russia and China are developing a transnational grains corridor, connecting Russia’s enormous agricultural production to export markets in China, South Asia, and the Middle East. When complete, Russian production and shipments on this network will exceed 8 million tons per year. China is the world’s largest importer of wheat and grains, and in 2023 imported over 6 million tons of wheat from the United States, Canada, Australia, and France.

Large distribution hubs are being completed in China’s Northern and Central provinces, which will further transport Russian food exports within China, and on to other Asian countries.

The proposed BRICS grains exchange enjoys wide support across the bloc, and will accelerate the decoupling of Global South markets from the Western banking and trading systems, to the detriment of farmers in North America and Europe.

Resources and links:

The Sino-Russian Land Grain Corridor and China’s Quest for Food Security https://asiasociety.org/policy-instit…

BRICS countries back grain exchange idea, …