News
25.03.2011
Russia: as of March 24, the intervention fund sold nearly 35 thsd tonnes of grains
On March 24, 2011, the National Commodity Exchange provided regular exchange trades of grains from the state intervention reserve. The Government sold 34.83 thsd tonnes of grains at the general sum of 213.705 mln RUR (7.56 mln USD).
During the whole auction period (February 4 – March 24), the Commodity Exchange sold 40.29 thsd tonnes of 3-grade wheat (of the harvest-2005) and 233.899 thsd tonnes of 3-grade wheat (2008); 182.97 thsd tonnes of 4-grade wheat (2008), 5.4 thsd tonnes of 4-grade wheat (2005) and 25.38 thsd tonnes of milling rye, group A (2008). Also, the Government sold 8.1 thsd tonnes of 4-grade wheat of the harvest-2009.
By now, during whole days of exchange trades the Government sold 788.22 thsd tonnes of grains.
The average weighted price of 3-grade wheat of 2005 and 2008 origin, sold from the intervention fund, totaled 6627.8 RUR/t and 6674.8 RUR/t respectively, 4-grade wheat – 6202.5 RUR/t and 6399.9 RUR/t respectively, milling rye – 6219.9 RUR/t, 4-grade milling wheat (2009) – 6275 RUR/t.
