AreaRussian Federation

Commodity GroupGrains

CommodityAll

Date01/10/2012

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionDetermined to sell 1 million tonnes of grains from intervention stocks in the market to halt grain price hikes and stabilize the domestic market. The intervention will take place in Siberia, the Urals and the Far East regions, 10 –15 percent lower than market price.