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 02/04/2010 15:26  

Russia: on February 4, the intervention fund purchased nearly 30 thsd tonnes of grains

On February 4, 2010, the National commodity exchange (Russia) provided the regular exchange auction within the bounds of the public purchasing interventions on the market of grains. The government purchased 29.7 thsd tonnes of grains at the general sum of 110.05 mln RUR, declared the media department of CJSC National commodity exchange.

During the whole auction period, the government purchased 1.77 mln tonnes of grains from agricultural producers, including 1.35 mln tonnes of 3-grade wheat, 352 thsd tonnes of 4-grade wheat, and 66.15 thsd tonnes of rye, at the general sum of 6.95 bln RUR.

The average weighted price of 3-grade wheat, purchased to the intervention fund, totaled 4095.4 RUR/t, 4-grade wheat – 3538.4 RUR/t, rye – 2335.6 RUR/t.

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