Global BRICS Study on Food Market Competition Expands Collaborative Effort

A broad international initiative is taking shape within the BRICS framework to study competition dynamics in global food markets. The BRICS Working Group on the Study of Competition in Food Markets has proposed launching a comprehensive, cross-border analysis that would engage the organization’s principal partner countries. The plan emphasizes collaboration with major importers and exporters and carefully accounts for the scale of trade flows between nations. In practical terms, this means aligning data, sharing best practices, and measuring how market power, policy choices, and regulatory actions influence pricing, supply stability, and consumer welfare across borders. The organizing body responsible for this effort highlights the role of the Federal Antimonopoly Service of the Russian Federation as a key contributor to the dialogue and technical framework. By focusing on food markets at a global scale, the initiative aims to build a robust evidence base that can inform policy decisions and help reduce the adverse effects that price volatility can have on households and food security in different economies.