Putin: Corruption must be fought against, but using this issue to score points is wrongRussian Politics & Diplomacy March 30, 16:07
Putin rejects West’s accusations of Russia’s aggressivenessRussian Politics & Diplomacy March 30, 15:57
Putin comments on recent protests across RussiaRussian Politics & Diplomacy March 30, 15:49
Scientists streamline data transmission through self-assembling wireless networkScience & Space March 30, 15:41
Putin blasts attempts to restrict Russian ambassador's contacts with US politiciansRussian Politics & Diplomacy March 30, 15:29
Putin says Russia wants to build good relations with USRussian Politics & Diplomacy March 30, 15:04
Putin stresses Russia’s commitment to comply with Paris climate agreementsRussian Politics & Diplomacy March 30, 14:56
Burger King dishes out nearly $2,000 in fines for not giving customer free cherry pieSociety & Culture March 30, 14:55
Foreign Ministry slams US media smear campaign against Russian diplomats as ‘threat’Russian Politics & Diplomacy March 30, 14:49
MOSCOW, August 19. /TASS/. Russian Ministry of Agriculture initiated grain procurement interventions for 2016 year harvest. All the offered grain of 12.3 mln tonnes in the amount of 114 mln rubles ($1.8 mln) was purchased by the government, the Crimean Exchange said on Friday.
Twelve deals were closed with nine traders.
The Ministry of Agriculture plans to procure up to 1 mln tonnes of grain to the intervention fund by 2016 year-end. The official procurement outlook is 600,000 tonnes.
Procurement prices are approved this year at the level of 10,900 rubles ($170.2) per tonne of Class 3 wheat, 7,400 rubles ($115.6) for rye, 8,000 rubles ($125) for barley and 7,900 rubles ($123.4) for corn.
Russia is holding government interventions on the grain market from 2001 for regulation of prices.
Russian Agriculture Ministry does not rule out grain harvest may reach 113-116 mln tonnes this year subject to good weather.
"According to preliminary estimates, Russia will harvest a record-breaking grain harvest that will be 110 mln tonnes at the least and may grow by 3-6 mln tonnes more if favorable weather conditions remain," the ministry said.
This will be a record-breaking figure for post-Soviet Russia. The previous record was set in 2008, when 108.1 mln tonnes were harvested.