Ministry may cut grain intervention prices for 2018–2019

MOSCOW, Mar 6 (PRIME) -- Russia’s Agriculture Ministry has suggested the government cut purchase prices for state grain interventions that may be held in the next agricultural year that starts from July 1, 2018 through June 30, 2019, as seen by PRIME in the ministry’s draft ruling published late on Monday.

Below is a breakdown of the revised prices:

Type of grain	Maximum purchase price next agricultural year, rubles per tonne	Maximum purchase price this agricultural year, rubles per tonne	Change, %
1st-class wheat	10,900	12,500	-12.8
2nd-class wheat	9,900	11,500	-13.9
3rd-class wheat	8,900	10,300	-13.6
4th-class wheat	7,600	9,000	-15.6
5th-class wheat	6,400	7,600	-15.8
Rye	5,900	7,400	-20.3
Barley	6,500	7,600	-14.5
Corn	7,100	7,900	-10.1

The ministry held no grain interventions in the current agricultural year that ends on June 30, 2018.

(57.1000 rubles – U.S. $1)

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