AreaRussia

Commodity GroupGrains

CommodityWheat

Date01/10/2015

Policy CategoryConsumption and marketing

Policy InstrumentGovernment procurement

DescriptionIncreased intervention prices for the 2015 wheat crop, setting the State Intervention Fund price for wheat Class 3 at RUB 10 900 (USD 169) per tonne, wheat Class 4 at RUB 10 400 (USD 161) per tonne, and wheat Class 5 (feed quality) at RUB 8 800 (USD 136) per tonne for all federal districts. The new prices of milling wheat classes 3 and 4 were increased by some 14 percent and 18 percent, respectively, from their previous levels set in March, their highest in ten years.