Russia to continue grain purchasing interventions until the end of the season - Deputy Minister

Source

APK-Inform

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The Ministry of Agriculture of Russia plans to continue holding grain purchasing operations to the public intervention fund until the end of the season (June 30, 2015), declared Andrei Volkov, Deputy Minister of Agriculture of the Russian Federation.

Due to fact that grain prices became high enough, the purchasing operations came into effect. Since the beginning of the intervention purchases in 2014/15 MY, the fund has purchased nearly 700 thsd tonnes of grains, and to date the intervention fund keeps 1.6 mln tonnes of grains.

Also, A.Volkov added that the Ministry is planning for the new season to start grain purchasing interventions in more early dates - in late July, as opposed to the traditional dates - September-October.

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