Agrinews

February 18, 15:00 Source: APK-Inform Views: 323

On February 18, Russia purchased 9.9 thsd tonnes of grains to the intervention fund

On February 18, 2014, Russia held the regular stock exchange trading within frames of public grain purchasing interventions, and purchased 9.855 thsd tonnes of grains to the intervention fund (from the general proposed volume of 29.97 thsd tonnes), at the sum of 51.874 mln RUR.

In particular, the fund purchased 1.755 thsd tonnes of 3-grade wheat of the harvest-2013 (from the proposed volume of 11.34 thsd tonnes); and 8.1 thsd tonnes of feed barley of the harvest-2013 (from the proposed volume of 10.655 thsd tonnes).

The trades on 4-grade wheat of the harvest-2013 (4.32 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 – 6219.6 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 – 4999.1 RUR/t.

Since the beginning of the stock exchange trading (October 15, 2013) the intervention fund already purchased 610.065 thsd tonnes of grains at the general sum of 3.573 bln RUR.

As a reminder, last week the Ministry of Agriculture of Russia decided to stop realizing the grain purchasing interventions in the current season since February 19.

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