News

More than 3.5 thousand tons of grain were sent to the Russian intervention fund

Published May 19, 2024

Tridge summary

Russian intervention fund purchased 3.51 thousand tons of wheat at a cost of 54 million 826 thousand rubles on Friday, making it the second-highest volume for the week. The purchases, which began on December 11 of the previous year, aim to buy two million tons of grain to help manage domestic prices and prevent shortages. So far, 1.42 million tons have been purchased at a total cost of 14.89 billion 258 thousand rubles. These purchases are part of a larger series where the volume was increased to three million tons, which was achieved ahead of schedule in 2022 at a cost of over 47 billion rubles. The funds are sourced from grain sales and are intended for emergency use or to be sold to domestic flour millers.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Purchases of grain to the Russian intervention fund fell once again this Friday, amounting to 3.51 thousand tons. This is reported in the materials of the permanent participant in such trading, the National Commodity Exchange (NTB, part of the Moscow Exchange group). This is 1,890 tons less than Thursday's volumes and the second-highest total for the week after the then-record. However, all these volumes again turned out to be one batch. This is soft wheat of the third class (hereinafter also “troika”). Two contracts have been concluded for its supply. In total, this crop was purchased for 54 million 826 thousand rubles (hereinafter - excluding VAT). The weighted average price of the “troika” was 14,200 rubles per ton. This time, grain was supplied from two regions - Altai and Krasnoyarsk territories. On Thursday it was only Altai. We also remind you that rye has not been sent to the fund since April 26. But even then, only 135 tons were supplied for a total amount of 1 million ...
Source: Rosng
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