Trade and markets
 

Detail

Area
Russia
Commodity Group
Grains
Commodity
All
Date
01/10/2012
Policy Category
Consumption and marketing
Policy Instrument
Government market intervention
Description
Determined to sell 1 million tonnes of grains from intervention stocks in the market to halt grain price hikes and stabilize the domestic market. The intervention will take place in Siberia, the Urals and the Far East regions, 10 –15 percent lower than market price.