Russia: since October 23, the Ministry of Agriculture to start selling 1.5 mln tonnes of intervention grains

Source

APK-Inform

847

Since October 23, 2018, the Ministry of Agriculture of the Russian Federation together with CJSC National Mercantile Exchange (NAMEX) will start holding the on-exchange trading for selling of grains from the federal intervention fund at the general volume of 1.5 mln tonnes, declared the press-service of the Ministry on October 16.

According to the announcement, on October 4 the Government already signed the corresponding decree.

In particular, NAMEX will sell grains of the intervention fund through a public bidding process, with the priority for its supply on the domestic market (to companies of the food and animal feed industry, and agricultural producers).

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