News

The Russian intervention fund purchased more than 9 thousand tons of grain

Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Mar 1, 2024

Tridge summary

The Russian intervention fund's grain purchases increased to 9,180 tons on Wednesday, up from the previous day. The purchases included three lots of 6,210 tons of soft wheat, 1,350 tons of fourth class, and 1,620 tons of rye, sourced from five regions. These purchases, part of last year's harvest, contribute to the ongoing series of grain interventions that began in December, bringing the total to 769,500 tons. The reserves are maintained for potential shortages or urgent grain needs.
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

This Wednesday, grain purchases to the Russian intervention fund began to grow again, amounting to 9,180 tons. This is reported in the materials of the National Commodity Exchange (NTB, part of the Moscow Exchange group), where, among other things, trading in these products is held. This is 3,915 more than purchased on Tuesday, when the minimum volume for the entire period of new trading was registered. This time the fund purchased three lots. The largest part, 6,210 tons, was soft wheat of the third class (hereinafter also referred to as “troika”). Another 1,350 were fourth class (hereinafter also “four”) and 1,620 were rye not lower than third. All of them belong to last year's harvest. The cost of the “troika” was 97 million, the “four” - 15 million 666 thousand, rye - 17 million 901 thousand tons. The weighted average prices were 14,200, 10,550 and 10,200 rubles per ton, respectively. All of the above cost data, as usual, is provided excluding VAT. Grain was purchased from ...
Source: Rosng
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