The Russian Cabinet of Ministers authorizes the sale of 3 million tons of grain from the state fund next year

Published 2024년 12월 28일

Tridge summary

The Russian government, led by Prime Minister Mikhail Mishustin, has given the green light for the sale of up to 3 million tons of wheat, rye, and barley from the federal intervention fund. This decision aims to maintain stability in the domestic food market. The grain was acquired during specific purchase periods between 2014 and 2016, and 2022 to 2024. The sale will occur at exchange trades, with prices set no lower than the initial purchase price.

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Original content

The Russian government has authorized the sale of up to 3 million tons of wheat, rye, and barley from the federal intervention fund. The order was signed by Prime Minister Mikhail Mishustin. The grain purchased during interventions in 2014-2016 and 2022-2024 will be sold at exchange trades. The price will be set no lower than the purchase price. As noted in the Cabinet of Ministers, the decision on commodity interventions is intended to help maintain a stable situation on the domestic food market. The federal intervention fund is ...

Source: Kvedomosti