Create a free Feed & Grain account to continue reading

Russia's Deputy PM Floats Idea of 'Grain OPEC'

Organization would ensure stability of grain market, coordinate price policy and solve world hunger problems

Wheat 1149885 960 7201

Russian Deputy Prime Minister Alexei Gordeyev, who is in charge of agriculture, has proposed the creation of a grain organization along the lines of the Organization of the Petroleum Exporting Countries (OPEC), Interfax news agency reported on Saturday, citing his office.

According to Reuters, the world’s leading grain exporters could form the OPEC-like group, Gordeyev said at a meeting with German Agriculture Minister Julia Kloeckner in Cologne on Saturday, Interfax reported.

The “grain OPEC” would aim to ensure stability on the grain market, coordinate price policy and solve world hunger problems and might include Russia, the European Union, the United States, Canada, and Argentina, among others, Gordeyev told the meeting, according to Interfax.

Page 1 of 282
Next Page