January 20 2014, 14:20 Source: APK-Inform Views: 548

Purchasing interventions assisted to stabilization of the grain market in the Asian part of Russia - Ministry of Agriculture

Realizing of the purchasing interventions provided its stabilizing effect on the grain market in the Asian part of Russia, declared the press-service of the Ministry of Agriculture of the Russian Federation on January 16.

The process of grain prices reduction stopped, there was observed an increase of prices with a weekly growth rate of nearly 2-3%. Thus, since October 15, 2013, the rise of prices totaled 15-18% for milling wheat, 7-14% for feed wheat, according to the announcement.

During the period of October 15 – December 25, 2013, the volume of exchange transactions reached 544 thsd tonnes of grains at the sum of 3.21 bln RUR, including: 287.7 thsd tonnes of 3-grade wheat, 108.5 thsd tonnes of 4-grade wheat, 46.6 thsd tonnes of 5-grade wheat, 101.2 thsd tonnes of feed barley.

The sold volumes of grains to the intervention fund by region were as follows: Altai Krai - 158.3 thsd tonnes, Krasnoyarsk oblast - 117.3 thsd tonnes, Novosibirsk oblast - 78.4 thsd tonnes, Omsk oblast - 189.9 thsd tonnes.

As of December 30, 2013, the federal intervention fund already received 390.8 thsd tonnes of grains of the harvest-2013 from agricultural producers at the sum of 2.327 bln RUR.

The public purchasing interventions for grains of the harvest-2013 will be continued in the first half of 2014, informed the announcement.


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