The recent announcement of the Ministry of Agriculture of Russia about significant increasing of the minimum purchasing prices has not led to growing of the rates of grain purchasing intervention yet.
On December 17, 2014, Russia held the regular stock exchange trading within frames of public grain purchasing interventions, and purchased only 2.16 thsd tonnes of rye of the harvest-2014 to the interventions fund from the general proposed volume of 13.365 thsd tonnes, at the sum of 11.016 mln RUR, declared the press-service of National Mercantile Exchange CJSC.
The trades on 0.81 thsd tonnes of 5-grade wheat, and 3.915 thsd tonnes of feed barley were invalidated.
It should be noted that the minimum purchasing prices remained at the same level, as their official increase has not happened yet.
The weighted average prices of the grains sold to the intervention fund were as follows:
- 3-grade wheat – 6400 RUR/t;
- 4-grade wheat – 6345.1 RUR/t;
- 5-grade wheat – 6006.2 RUR/t;
- 1-grade rye – 5054.7 RUR/t;
- feed barley – 5148.8 RUR/t.
Since the beginning of the stock exchange trading (September 30, 2013) the intervention fund already purchased 281.86 thsd tonnes of grains at the general sum of 1.526 bln RUR.
