AreaRussia

Commodity GroupGrains

CommodityWheat

Date31/03/2016

Policy CategoryConsumption and marketing

Policy InstrumentGovernment procurement

DescriptionAnnounced that the minimum prices for 2016 wheat crop purchases by the State Intervention Fund for its restocking programme in 2016/17 will remain unchanged compared to the previous season. Purchasing is expected to start from 1 July 2016. The Intervention Fund price for wheat (Class 3) will remain at RUB 10 900 (USD 161) per tonne.