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Purchases of grain to the state fund are growing. More than 19 thousand tons were purchased on Wednesday
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Purchases of grain to the state fund are growing. More than 19 thousand tons were purchased on Wednesday

The volume of grain procurement in the state fund on December 20 amounted to 19.17 thousand tons, with a total value of 260.963 million rubles, according to materials from the National Commodity Exchange. Several batches of grain of different classes were sold on the exchange on Wednesday, with the weighted average prices amounting to a certain amount per ton of each class of grain. The delivery regions on December 20 were Bashkortostan, Krasnoyarsk Territory, Orenburg, Ryazan, and Ulyanovsk regions. The next trading sessions will take place from December 25 to 28. In total, from December 11 to 20, 126.9 thousand tons of grain have been procured in the state fund for a total amount of 1 billion 745 million 213 thousand rubles. This season, it is planned to procure 2 million tons of grain from farmers. The mechanism of procurement and commodity interventions has been in effect in Russia since 2001 and is originally aimed at stabilizing prices in the market: in case of sharp price increases, the government sells grain from the state fund, and in case of price declines, it procures the "excess". In 2022, with a record harvest, 3 million tons of grain were procured in the state fund.

20 December 2023 20 December 2023

The volume of grain purchases to the state fund on December 20 amounted to 19.17 thousand tons for a total amount of 260.963 million rubles, as follows from the materials of the National Commodity Exchange (NTB, part of the Moscow Exchange group).

On Wednesday at NTB the following was implemented:

8.1 thousand tons of soft wheat of the 3rd class, harvest 2023, for 125.185 million rubles;
8.1 thousand tons of soft wheat of the 4th class, harvest 2023, for 103.950 million rubles;
270 tons of rye of at least 3rd class for the 2022 harvest for 2.754 million rubles;
2.7 thousand tons of rye of at least 3rd class for the 2023 harvest for 29.073 million rubles.
The weighted average price of 3rd class wheat for the 2023 harvest was 13,948 rubles per ton; 4th class wheat harvested in 2023 - 11,376 rubles per ton; rye not lower than 3rd class harvest 2022 - 10,171 rubles per ton; rye not lower than 3rd class harvest 2023 - 9,829 rubles per ton.

Delivery base regions on December 20: Bashkiria, Krasnoyarsk Territory, Orenburg, Ryazan, Ulyanovsk regions.

As noted in the exchange's message, next week trading will take place from December 25 to December 28 inclusive.

In total, from December 11 to December 20, 126.9 thousand tons of grain were purchased into the state fund in the amount of 1 billion 745 million 213 thousand rubles. In total, this season it is planned to purchase 2 million tons of grain from farmers.

The mechanism of purchasing and commodity interventions has been operating in Russia since 2001 and is initially aimed at stabilizing prices on the market: when prices rise sharply, the state sells grain from the state fund, “cooling” the market; when prices fall, it purchases “surplus.” In 2022, with a record harvest (157.7 million tons), 3 million tons of grain were purchased into the state fund.

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