Russia begins selling intervention grain

Sales of grain from the intervention fund will begin on February 4, 2011. By the end of June 2011 the Government plans to sell at the commodity exchange up to 2.5 million metric tons to livestock producers, feed and flour mills. The start-up price of grain sales will vary by types and by provinces, but the minimum is set at 6,000 rubles ($200) per metric ton.
Tuesday 8 February 2011 (7 years 8 months 13 days ago)
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Sales of grain from the intervention fund will begin on February 4, 2011. By the end of June 2011 the Government plans to sell at the commodity exchange up to 2.5 million metric tons to livestock producers, feed and flour mills. The start-up price of grain sales will vary by types and by provinces, but the minimum is set at 6,000 rubles ($200) per metric ton.

The Russian Government ordered sales of milling and feed wheat, food quality rye and feed barley from the Intervention Fund. Order No. 63-p of January 26, 2011, was posted on the Russian government web-site on February 1, 2011: http://www.government.ru/gov/results/13992/ which will allow up to 500,000 metric tons of grain to be sold every month until the end of June 2011, at the weekly auctions conducted by the Russian commodity exchange. The minimum price will vary by quality and location from 6,000 rubles ($200) to 7,535 rubles ($251). Grain will be sold to registered livestock producers and to feed and flour mills. The Ministry of Agriculture updated instructions for selling grain from the intervention fund and posted these instructions on the MinAg’s web-site on January 28, 2011: http://www.mcx.ru/documents/document/show/15180.htm.


Despite the decreased railway tariffs domestic grain marketing was not active in the fall 2010, and volumes of trade began increasing only in December 2010. Grain consumers in the drought affected provinces were waiting for federal support and distribution of grain from the intervention fund. Even the export ban did not stimulate sales. Grain prices in the domestic market continued to increase, reflecting Russia’s tense grain supply and steadily growing prices in the international markets.

http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Russia%20Begins%20Selling%20Intervention%20Grain_Moscow_Russian%20Federation_2-2-2011.pdf

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