On February 12, Russia purchased the record low grain volumes to the intervention fund
On February 12, 2014, Russia held the regular stock exchange trading within frames of public grain purchasing interventions, and purchased the minimum grain volumes since the beginning of the current intervention trades – only 0.27 thsd tonnes of feed barley only of the harvest-2013 (from the proposed volume of 12.015 thsd tonnes), at the sum of 1.363 mln RUR.
The trades on 3-grade wheat of the harvest-2013 (10.8 thsd tonnes), 4-grade wheat of the harvest-2013 (3.51 thsd tonnes) and 5-grade wheat of the harvest-2013 (3.645 thsd tonnes) were invalidated.
The weighted average prices of the grains sold to the intervention fund were as follows:
- 3-grade wheat of the harvest-2013 – 6219.4 RUR/t;
- 4-grade wheat of the harvest-2013 – 6013.6 RUR/t;
- 5-grade wheat of the harvest-2013 – 5684.5 RUR/t;
- feed barley of the harvest-2013 – 4996 RUR/t.
Since the beginning of the stock exchange trading (October 15, 2013) the intervention fund already purchased 600.21 thsd tonnes of grains at the general sum of 3.521 bln RUR.
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