The Russian intervention fund purchased about 13 thousand tons of grain

Published 2024년 2월 14일

Tridge summary

The Russian intervention fund has seen a significant increase in grain purchases, with the volume rising to 12,825 tons. This grain, primarily soft wheat from last year's harvest, was provided from five regions. The increase is a result of an oversupply in the market due to record harvests in 2022 and the previous year, which have negatively impacted prices. The grain will be used in case of an acute shortage or sold to domestic flour millers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This Tuesday, the volume of grain purchases to the Russian intervention fund, after several decreases, increased noticeably again, amounting to 12,825 tons. This is reported in the materials of the National Commodity Exchange (NTB, part of the Moscow Exchange group), where these products are traded. This was 6,075 tonnes more than Monday, also one of the largest daily increases in recent weeks. The range of grain sent for storage has also stabilized. This time it consisted of three parties. The majority, 5,400 tons, was soft wheat of the fourth class (hereinafter also referred to as “four”) from last year’s harvest. 5,130 were in the third class (hereinafter also referred to as “troika”) of the same period and 2,300 were in the “troika” harvest of the year before last. Three, five and one shipping agreements were concluded for them, respectively. In total, grain was provided from five regions - Kurgan, Omsk, Ryazan and Saratov regions, as well as the Republic of Tatarstan. The ...
Source: Rosng

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