Russia: Ministry of Agriculture approved the prices for grain purchasing interventions in 2017/18 MY

Source

APK-Inform

3432

The Ministry of Agriculture of the Russian Federation approved new prices for grain purchasing interventions in 2017/18 MY. The document was published on May 2 at the official web-portal for legal information.

At the end of March, the Ministry already worked our draft decrees on establishment of the minimum purchasing prices for possible intervention purchases on the grain market.

In particular, the purchasing prices for 3-...5-grade wheat will reduce, and the prices for 1-...2-grade wheat will be fixed for all regions of Russia. The Ministry proposed to set the price for 1-grade soft milling wheat at 12`500 RUR/t, 2-grade wheat - 11`500 RUR/t, 3-grade wheat - 10`300 RUR/t; 4-grade wheat - 9`000 RUR/t, 5-grade wheat - 7`600 RUR/t.

Previously, the head of the Ministry, Alexander Tkachev said that the grain purchasing interventions in Russia will start in August 2017.

Advertising

Enter