Russia: Ministry of Agriculture approved the minimum prices of grain purchasing interventions in 2014/15 MY
The Ministry of Agriculture of Russia approved the minimum prices of grain purchases to the public fund within frames of the purchasing interventions in 2014/15 MY, declared Nikolai Fedorov, Minister of Agriculture, on March 31.
In particular, in the European part of the Russian Federation the minimum purchasing price of 3-grade wheat will total 6750 RUR/t, 4-grade wheat - 6450 RUR/t, 5-grade wheat - 6100 RUR/t. In the Asian part of Russia the reporting prices will total 6400 RUR/t, 6200 RUR/t and 6000 RUR/t, respectively.
As for the other grain crops, there is proposed to establish the common minimum purchasing prices for the entire territory of Russia: milling rye of A group - 5100 RUR/t, feed barley - 5150 RUR/t, 3-grade maize - 5600 RUR/t.
The specified decree was sent for approval to the Ministry of Justice of the Russian Federation.
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