MOSCOW, November 14 (Itar-Tass) —— Grain purchases into the Russian Intervention Fund may reach 1.4-1.5 million tonnes upon results of this year’s grain harvest, Russian First Deputy Prime Minister Viktor Zubkov told a meeting of the government’s presidium on Monday.
“It will be necessary to buy 1.4 million tonnes or maybe 1.5 million tonnes of grain into the Intervention Fund,” Zubkov said, adding, “We have appropriate resources for this.”
If grain purchase prices in 2012 are lower than the current prices, then agrarians can buy back their grain to re-sell it at their own choice, Zubkov said, adding that the rule of the kind would be fulfilled for the first time.
Prime Minister Vladimir Putin, in turn, pointed to the fact that agricultural producers should understand that they must pay for storage and insurance, if they supply their grain to the state-run grain storage facilities. However, the sum is insufficient, Zubkov said.