Area
Russia
Commodity Group
Grains
Commodity
Wheat
Date
02/04/2018
Policy Category
Consumption and marketing
Policy Instrument
Price procurement
Description
Approved new prices for the purchasing interventions of the 2018 grain crop. The price of soft food quality wheat Class 1 was set at RUB 10 900 (USD 190) per tonne, wheat Class 2 at RUB 9 900 (USD 173) per tonne, wheat Class 3 at RUB 8 900 (USD 156) per tonne; 4-grade wheat Class 4 at RUB 7 600 (USD 133) per tonne, wheat Class 5 at RUB 6 400 (USD 112) per tonne. The new prices, which include VAT, were cut by 13 to nearly 16 percent from those in 2017.
