Support The Moscow Times!

State Might Sell Wheat

The government will sell wheat from its stockpiles if prices climb to certain preset targets in parts of the country, according to a draft of an order proposed by the Agriculture Ministry.

The targets are meant to keep grain prices stable, according to the ministry's draft, published on its website last week. The trigger for third-grade milling wheat, used to make wheat, will be 5,000 rubles ($155) to 7,500 rubles a ton, depending on the area of the country, it said. Last week, third-grade milling wheat sold at 8,200 rubles to 8,700 rubles a ton across the country, according to Grain Producers' Union data. For fourth-grade milling wheat, the target will be 5,300 rubles to 7,150 rubles, it said.

The preset selling level will be 4,550 rubles to 6,000 rubles a ton for feed wheat, 4,300 rubles a ton for milling rye, and 4,550 rubles a ton for feed barley, according to the draft.

(Bloomberg)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more