According to the data from the National Commodity Exchange (NCE), 8,235 tons of grain were sold from the state fund for 127 million rubles this week.
The same amount was sold by April 29 – 4,185 tons of grain for 66 million rubles.
The sales of grain from the state fund, also known as commodity interventions, resumed in Russia on January 27 after a break since December of last year. According to NCE data as of April 30, during this period, 165.51 thousand tons of grain were sold for 2.456 billion rubles.
Trading will continue on May 5-7.
Grain interventions in the market started on August 19, 2024, and continued with breaks until December 27 of the same year. During this period, 115,425 tons of grain were sold for 1.769 billion rubles. Then there was a new break until January 27, 2025.
Thus, since August 19, 280,935 tons of grain have been sold for 4.2 billion rubles.
As announced, the government approved the sale of up to 3 million tons of wheat, rye, and barley from the reserves of the federal intervention fund for 2025. This fund is formed during procurement interventions.
The mechanism of commodity and procurement interventions has been operating in Russia since 2001. It is aimed at supporting agriculture and stabilizing grain market prices. When prices rise, the state sells grain from the fund to prevent further increases. When prices fall, the state withdraws excess grain from the market to stop their decline.