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Russia plans to initiate creation of ‘grain OPEC’

  • 7 Oct 10:41

Russia plans to initiate creation of ‘grain OPEC’ Russian Deputy Prime Minister Alexei Gordeyev suggested setting up an organization of grain exporters similar to the Organization of Petroleum Exporting Countries (OPEC) during talks in Germany on Saturday, his press service said in a statement. "Vice premier Alexei Gordeyev came up with a proposal to create an OPEC-type organization for grain exporters in order to ensure the stability of the grain market, coordinate grain prices and tackle famine," the statement says. The initiative was voiced during a meeting with German Minister of Food and Agriculture ·Julia Klockner and Minister-President of North Rhine-Westphalia Armin Laschet on the sidelines. Read more...