Russia can double grain exports by forming a new market structure

Russia is capable of doubling its grain exports, but this requires forming a new market structure and overcoming the power of global traders. This position was expressed by Alexey Ivanov, Director of the International Center for Competition Law and Policy of BRICS, Professor at the Higher School of Economics, during the 4th BRICS+ Digital Competition Forum in Rio de Janeiro. "If the structure of the global grain market were more competitive and organized on more transparent principles, Russia could significantly increase its export volumes, by two times or more," he believes (quote from TASS). According to Ivanov, the current architecture of the global grain market is based on the work of the largest traders of agricultural products, the so-called ABCD+ group (Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus), as states essentially transfer the responsibility for ensuring global food security to private corporations. Thus, large traders are able to manipulatively control ...