Russia: Purchases of grain to the state fund will begin on December 11, 2023

Purchases of grain for the state intervention fund will begin on December 11, the Ministry of Agriculture announced on November 30 in its Telegram channel. “In the near future, the Ministry of Agriculture will begin to replenish the stocks of food wheat and rye in the intervention fund. The start of exchange trading within the framework of grain purchasing interventions is scheduled for December 11, 2023,” said the head of the department, Dmitry Patrushev. According to him, this year it is planned to purchase up to 2 million tons of grain for the federal intervention fund in the regions of Siberia, the Urals, Central Russia and the Volga Federal District. In the event of a serious rise in prices, grain will be sold to Russian flour mills and bakeries. “This will allow us to maintain a stable price situation in the food market. Last year, grain reserves in the intervention fund were increased by 3 million tons,” the ministry added. Earlier, on November 28, it became known that the ...