AreaRussia

Commodity GroupGrains

CommodityWheat

Date01/05/2015

Policy CategoryConsumption and marketing

Policy InstrumentProcurement price

DescriptionDecreased the prices at which intervention purchases of the 2015 wheat crop would occur. Depending on the origin of the crop, the price of Class 3 wheat is decreased by 3 to 5 percent, the price of Class 4 by 4.3 to 5.4 percent and the price of Class 5 by 4.4 to 7.7 percent. The new prices entered into force on 1 July 2015 and will remain in place for one year.