AreaRussia

Commodity GroupGrains

CommodityWheat

Date30/05/2018

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention 

DescriptionUnited Grain Co. and trade house RIF have signed an agreement to build a specialized sea grain terminal in the port of Novorossiysk. The terminal would have capacity up to 12.5 million tonnes per year and a grain storage facility with capacity up to 300 000 tonnes of one-time storage.