Purchasing interventions assisted to stabilization of the grain market in the Asian part of Russia - Ministry of Agriculture
Realizing of the purchasing interventions provided its stabilizing effect on the grain market in the Asian part of Russia, declared the press-service of the Ministry of Agriculture of the Russian Federation on January 16.
The process of grain prices reduction stopped, there was observed an increase of prices with a weekly growth rate of nearly 2-3%. Thus, since October 15, 2013, the rise of prices totaled 15-18% for milling wheat, 7-14% for feed wheat, according to the announcement.
During the period of October 15 – December 25, 2013, the volume of exchange transactions reached 544 thsd tonnes of grains at the sum of 3.21 bln RUR, including: 287.7 thsd tonnes of 3-grade wheat, 108.5 thsd tonnes of 4-grade wheat, 46.6 thsd tonnes of 5-grade wheat, 101.2 thsd tonnes of feed barley.
The sold volumes of grains to the intervention fund by region were as follows: Altai Krai - 158.3 thsd tonnes, Krasnoyarsk oblast - 117.3 thsd tonnes, Novosibirsk oblast - 78.4 thsd tonnes, Omsk oblast - 189.9 thsd tonnes.
As of December 30, 2013, the federal intervention fund already received 390.8 thsd tonnes of grains of the harvest-2013 from agricultural producers at the sum of 2.327 bln RUR.
The public purchasing interventions for grains of the harvest-2013 will be continued in the first half of 2014, informed the announcement.
You should be authorized to post comment
Problems with the supply of Russian wheat to Turkey are not significant yet
Russian exporters to stop grain purchasing operations on the domestic market – NAESP
Russia: Government proposes to exporters to participate in stabilization of the domestic grain market – sources
Russia: as of December 1, grain carry-over stocks totaled 38.6 mln tonnes – Rosstat
December 18, 16:40
Russia: Ministry of Agriculture to hold grain purchasing intervention twice a week
December 18, 14:50
JSC Russian Railways imposed limitations on grain shipment for exports
December 18, 14:40