Area
Russia
Commodity Group
Grains
Commodity
Wheat
Date
01/12/2014
Policy Category
Consumption and marketing
Policy Instrument
Government procurement
Description
Raised the state purchase intervention prices for 2014 wheat crop by approximately 50 percent. New prices for wheat are around RUB 10 000 for 3d category wheat, around 9200 for 4th category wheat and RUB 9 000 for 5th category.
Notes
Sales of wheat to the State Intervention Fund ceased in mid-November, when the market price of wheat in the Russian Federation increased sharply and surpassed the intervention prices by 7090 percent. The first intervention purchases of wheat at new prices were scheduled for 23 and 24 December 2014.
