NAMEX to start export sales of grain from state fund on June 20 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

NAMEX to start export sales of grain from state fund on June 20

MOSCOW, Jun 15 (PRIME) -- The National Mercantile Exchange (NAMEX), part of the Moscow Exchange, plans to start auctions to export grain from RussiaТs state intervention fund, the exchange said in a statement late on Thursday.

On June 20, NAMEX plans to auction 50,100 tonnes of third- and fourth-class wheat and barley harvested in 2009, 2011, and 2013. The grain is stored at elevators in the Irkutsk, Novosibirsk, Oms, and Krasnoyarsk regions.

Sales from the state intervention fund should reduce spending on storage of reserves. The Agriculture Ministry said the fund amounted to 3.959 million tonnes of grain worth 36.425 billion rubles as of June 8, and annual spending on the upkeep of the fund stands at 10 billion rubles.

(62.2511 rubles Ц U.S. $1)

End

15.06.2018 08:32
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 69.9431 +0.0823 17 dec
USD 62.7686 +0.2142 17 dec
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1512.04 +0.71 13:56 16 dec
micex 3007.79 +0.37 13:56 16 dec
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 251.34 +0.74 13:40 16 dec
lkoh 6193.50 +0.41 13:40 16 dec
rosn 448.20 -0.64 13:40 16 dec
sber 241.77 +0.23 13:40 16 dec
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 69.7850 +0.0600 13:35 16 dec
USDTD 62.6375 -0.0925 13:35 16 dec