The emergence of the BRICS+ countries in global agricultural markets is profoundly disrupting the economic and political balances that have been established for decades. These nations, including major players such as Brazil, Russia, India, China, South Africa, Iran, Egypt, the United Arab Emirates, Saudi Arabia and Ethiopia, are now establishing themselves as giants of agricultural production, controlling a significant share of global markets for strategic raw materials such as wheat, corn, rice, soybeans and dairy production.
This growing dominance of the BRICS+ in the agricultural sector is not the result of chance, but the result of massive investments in agriculture and a concerted strategy aimed at ensuring the food security of these countries. Indeed, these nations have been able to fully exploit their agricultural potential, taking advantage of vast land reserves and an abundant workforce to increase their production exponentially.
Corn, for example, perfectly illustrates the meteoric rise of the BRICS+ on the global agricultural scene. While production in OECD countries has grown moderately in recent decades, that of the BRICS+ has literally exploded, posting a spectacular increase of 220%. This impressive performance places these countries at the heart of global agricultural issues and positions them as key players in international trade.
In this race to dominate agricultural markets, the BRICS+ have made agriculture a real economic weapon, used to consolidate their influence and challenge the established order. The recent joint declaration of the BRICS+ in favor of food security is a concrete illustration of this, as is the announcement of the creation of a grain exchange by Russian President Vladimir Putin, aimed at circumventing the hegemony of the dollar and writing new rules of the game on the international scene.
Faced with this rise in power of the BRICS+ on agricultural markets, Western countries are now facing a major challenge: adapting to this new situation and rethinking their trade strategy to remain competitive. The BRICS no longer hide their ambition to redefine the rules of the global economic game, thus testing the ability of Western nations to meet this challenge and adapt to a new economic order in full transformation.
Ultimately, the rise in power of the BRICS+ on global agricultural markets marks a major turning point in the economic history of our planet. These emerging nations are no longer content to follow the established rules, but now intend to dictate them, thus laying the foundations for a new era in international trade. It is now up to Western countries to seize this opportunity to reinvent their economic model and open up to new development prospects.