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From the state Fund sell almost 2 million tons of grain

31 марта 2020 года

Since March 27, the Ministry of agriculture started preparations for carrying out commodity interventions, the Ministry reported. This means that the sale will be put to the stocks of grain from the state intervention Fund. According to the Minister of agriculture Dmitry Patrushev, coupled with restrictions on the export of grain of the intervention will ensure the necessary volume of grain on the domestic market and prevent the price hike as the main crop and the final product.

From the state Fund sell almost 2 million tons of grain

in the fall of grain prices below the minimum the state buys it from the farmers, while improving – on the contrary, sells grain from the state Fund

As reported by “RG” in the United grain company (the state acts as an agent of intervention), at this point in the intervention Fund holds slightly more than 1.75 million tons. The grain is placed in storage in 121 organizations in 23 regions. On 26 March, the Ministry of justice registered the order of the Ministry of agriculture establishing maximum rates for grain that, when reached, will be positively. Thus, soft wheat of the third class, the price is set from 7.4 to 9.1 thousand rubles per ton (excluding VAT) depending on the region. The price of wheat of the fourth class range from 6.7 to 8.6 thousand rubles per ton, fifth grade – from 6.3 to 7.3 thousand rubles per ton.

According to “SovEcon”, the 20th March prices for Russian wheat have reached a historic high. Last week, the growth continued, but not so fast (plus 200-250 rubles per ton). “To a large extent priced in the devaluation. But most importantly, the farmers ceased to hold and began to sell. Nearing the end of the season – they need money, it is necessary to release storage. And the prices they are now satisfied”, – says Director of “Sovekon” Andrey Sizov.

Ministry of agriculture BBaudit quotas on grain exports the Decision of the Ministry of agriculture on conducting interventions, the experts consider reasonable. “On the one hand, high domestic prices will provide a stock of the Fund, with minimal financial losses. On the other hand, in regions such as Siberia, where now is placed the maximum amount purchased to the state Fund of grain for local processing is experiencing serious difficulties with the procurement of raw materials due to strong competition from export market. And implementation of intervention stocks would to some extent mitigate the situation”, – said the head of the grain direction of the Institute for agricultural market studies (IKAR) Oleg Sukhanov.

by Itself, the intervention mechanism is inefficient, as it costs the state dearly (it is forced to pay all the costs of storage), and the real impact on prices has not, said Sizov. But once the state has leftovers, now is the opportune moment to sell them, the expert believes.

http://www.kxan36news.com/from-the-state-fund-sell-almost-2-million-tons-of-grain

Source: kxan36news.com  |  #grain   |  Comments: 0   Views: 134


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