The Russian Agricultural Ministry has said that Russia will buy grain to add to its intervention stocks. Russia uses the intervention stocks intervention stocks to regulates prices with intervention tenders, selling grain from its stocks when prices are high and buying it when they are low. It said it may start purchase tenders if the price for benchmark third-grade milling wheat declines to 4,700 roubles (US$153.24) per ton in the Asian part of the country. Read more ...
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