The plan is to purchase wheat and rye for the state reserve fund. The actual volumes of annual purchases will depend on market conditions and available funding. Preparations for the interventions have already begun. United Grain Company is selecting facilities to store future reserves in 14 regions of the country.
At present, the Russian Federation’s state reserve fund holds around 3.7 million tonnes of grain, of which more than 3.6 million tonnes is food-grade wheat. The stocks are held at 147 specialised facilities across 22 regions.
The mechanism for intervention purchases involves the state buying grain from the market to support prices and producers during periods of oversupply or weak sales. According to Elevatorist, such purchases were last carried out in Russia in the first half of 2024.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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