Russia to start grain purchasing interventions in August - A.Tkachev

Source

APK-Inform

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The Ministry of Agriculture of Russia plans to start grain purchasing interventions to the public fund in August 2017, declared the Minister of Agriculture, Alexander Tkachev on April 27.

According to him, the Ministry will continue providing purchasing interventions, taking into account the current decline of wheat prices.

Also, A.Tkachev noted that in addition to the purchasing interventions, there are many other factors, which can contribute to the further growth of grain prices.

First and foremost, it is continuation of the dialogue with Turkey and cancellation of all trading limitations. Second, it is the issue of USD/RUR exchange rates. According to the Minister, the USD/RUR exchange rates should not reduce below 60 rubles, for adequate development of the agricultural industry.

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