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Russian government to start grain interventions on October 23

The starting price will be set at 7,600 rubles a tonne of third class wheat and at 7,200 rubles a tonne of fourth class wheat

GORKI, October 8 (Itar-Tass) —— The Russian government will begin grain interventions on October 23, selling up to 110,000 tonnes of cereals a week, Deputy Prime Minister Arkady Dvorkovich said at Prime Minister Dmitry Medvedev’s meeting with government ministers.

“Grain interventions will start on October 23. They will be made twice a week, on Tuesday and Wednesday, in the Siberian Federal District. The likely buyers are grain mills and producers of combined fodder in three districts – Siberian, Urals and Far Eastern,” he said.

The starting price will be set at 7,600 rubles a tonne of third class wheat and at 7,200 rubles a tonne of fourth class wheat.

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