Guests of FIFA 2018 World Cup sure to get warm welcome in Russia — LavrovSport May 28, 2:25
Kantemir Balagov’s "Closeness" gets Cannes Festival’s International Critics’ PrizeSociety & Culture May 28, 1:03
Anti-church laws in Ukraine may cause religious strife — Ukrainian Orthodox ChurchWorld May 28, 0:22
Russia’s national football team absolutely clear of doping — doctorSport May 28, 0:14
Russian cyclist Zakarin finishes second in Giro d’Italia Stage 20Sport May 27, 22:27
Putin, Erdogan agree to develop coordination of efforts for settlement in SyriaRussian Politics & Diplomacy May 27, 19:29
Putin, Rouhani stress importance of joint efforts in settlement of Syrian conflictRussian Politics & Diplomacy May 27, 14:32
Federatsiya spacecraft’s first flight may be rescheduled to 2022 - sourceScience & Space May 27, 14:29
Zbigniew Brzezinski dies at age of 89World May 27, 6:57
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.