AreaRussia

Commodity GroupGrains

CommodityWheat

Date02/04/2018

Policy CategoryConsumption and marketing

Policy InstrumentPrice procurement 

DescriptionApproved 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.