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In order to stabilize domestic grain market prices, on April 13 the Ministry of Agriculture of the Russian Federation began selling grain from the state intervention fund. More than half of the volume put up for auction on the first day was sold (200 thousand tons).
As a result of exchange trading, 61 deals were made with a volume of 121.4 thousand tons of grain for a total value of 1.39 billion rubles. In accordance with the schedule of the National Commodity Exchange, organized trading of the intervention fund grain will also be held on April 14, 15, and 17, 2020.
Up to 1.5 million tons of grain is planned to be sent to the domestic market to meet the needs of the milling and bakery industry, as well as livestock enterprises. If the price of grain drops below the established limit, the commodity interventions will be stopped. At the same time, grain sales from the state fund may be continued in accordance with the Order of the Government of the Russian Federation №817-р dated March 31, 2020.
April 13, 2020 / Ministry of Agriculture of the Russian Federation.
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