The Russia-China New Land Grain Corridor enables Russia to replace the US and Europe in the Chinese grain market.

BRICS lays the foundation for decoupling from US agriculture with the development of a new post-American international economic system. This includes a grain exchange, new logistic centres, transportation infrastructure, development banks, insurance systems, native technologies and digital platforms, de-dollarisation, and the abandonment of the SWIFT transaction system. The benefits for Russia, China and other partners include greater food security, cheaper exchanges, less reliance on an inflated and weaponised US dollar.

Without US surveillance of global trade through the dollar, SWIFT and commodity exchanges, the US and its farmers cannot even see the world markets in terms of global demand and supplies. The problem is exacerbated by Western sanctions and economic coercion, as Russia and China have further incentives to not share market information with the US and its farmers. Thus, US farmers and investors do not get the information required to plan what to grow and how much. China has been cancelling huge contracts with the US, and the US is cannot even be sure who is replacing its agricultural supplies.

The US weaponisation of trade will continue to encourage the rest of the world to reduce their dependence on the US and find more reliable economic partners.

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Via https://glenndiesen.substack.com/p/brics-enables-russia-to-displace