Russia: State Purchase Intervention Prices for Wheat Increased
The Russian Ministry of Agriculture increased the price level for purchases of wheat of 2014 crop for the State Intervention Fund by approximately fifty percent. The increased price may stimulate Russian farmers to sell wheat to the intervention fund instead of selling to traders. Sales of wheat to the State Intervention Fund ceased in the middle of November when the market price of wheat in Russia increased sharply and surpassed the intervention prices by 70-90 percent. The first intervention purchases of wheat at new prices are scheduled for December 23 and 24, 2014.
Russia: State Purchase Intervention Prices for Wheat Increased
