News

The Russian intervention fund purchased more than 11 thousand tons of grain

Wheat
Published Mar 3, 2024

Tridge summary

Russia's state intervention fund has seen an increase in grain purchases, with 11,205 tons bought on Friday, primarily consisting of third and fourth class soft wheat and third class rye. The grain, sourced from four regions, was purchased for a total of 165 million 399 thousand rubles. Since December 11 last year, the intervention fund has acquired 788,805 tons of grain. These reserves are intended for use in emergencies, such as a shortage of grain for farmers, or to be sold to domestic flour millers.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

On Friday, grain purchases to the state intervention fund began to grow again and amounted to 11,205 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 3,105 tons higher than purchases on Thursday and 270 - the last weekly maximum, which was this Monday. This time three batches were sent. The majority of 6,070 tons were soft wheat of the third class (hereinafter also “three”), 3,780 were of the fourth (hereinafter also “four”) and 1,350 were rye of at least third class. All of them are from last year's harvest. Four agreements were concluded for the Troika, three for the Four, and one for Rye. In total, grain was purchased on Friday for 165 million 399 thousand rubles. The cost of the “troika” amounted to 94 million 475 thousand, the “four” - 55 million 776 thousand, rye - 15 million 147 thousand rubles, weighted average prices - 14,138, 13,414 and 10,200 rubles per ...
Source: Rosng
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