India, Russia discuss BRICS grain exchange plan to boost agriculture trade ties
Prime Minister Narendra Modi met Russian Deputy Prime Minister Dmitry Patrushev here on Thursday and discussed plans of creating a common agricultural food exchange that will help in boosting agriculture trade among the BRICS member-countries. Mr. Modi conveyed his greetings to President Vladimir Putin saying he is looking forward to welcoming him for the 23rd India-Russia annual summit to be hosted here later this year.“Happy to meet Russia’s Deputy Prime Minister Dmitry Patrushev at the World Food India 2025. We discussed ways to strengthen our win-win cooperation in agriculture, fertilizers and food processing,†said Mr. Modi after the meeting.
The Russian Embassy said the two sides discussed the ongoing work on a Free Trade Agreement between India and the Eurasian Economic Union. “Additionally, the topic of creating a BRICS Grain Exchange was raised — a move that will help boost mutual agricultural trade,†said the Embassy.
“Russia highly values its special and privileged partnership with India. India is one of Russia’s key allies in the international arena. Every year, Russian-Indian economic cooperation reaches impressive levels. In 2024, the trade turnover between our two countries reached a historic high,†said Mr. Patrushev.
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