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During recent two years, grain production in Russia reached the brand new level: the average annual harvest exceed the index of 100 mln tonnes. As a result, despite the growth of export supplies (to the level of 20-24 mln tonnes), the carry-over stocks of grains also increased, including the intervention fund reserves — to the level of 10 mln tonnes at the sum of 45 bln RUR. To date, the existing price situation does not allow selling the grain on the open market, including export trading operations, declared Elena Skrynnik, the Minister of Agriculture of the Russian Federation, on February 17.
According to her, the Ministry assumes special measures in order to stabilize the situation in the industry, increase profitability of production, and also usage of grains from intervention fund and decrease the budge expenditures.
Besides, the Ministry provides work at realization of grain stocks from the intervention fund on the foreign market, especially through various humanitarian programs.
The department also works out the program of development of the infrastructure and logistics maintenance of the agro industrial market, and plans to impose the differentiated decreasing coefficient of grain transportation by railway transport from the Volga, Central and Siberian Federal Districts.
According to the head of the Ministry, the department also develops various offers of correction of principles of price determining for realization of grain purchasing interventions. The main idea consists in connection of grain prices to the prime cost of grain production in the most effective agricultural enterprises.
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