March 25 2004, 13:15 APK-Inform

Russia: 795,000 t of grain sold in sixteen days of grain interventions

According to the press-centre of Moscow Inter-Bank Currency Exchange, on March 24 the number of accredited participants of exchange tenders at the state commodity interventions on the grain market increased from 241 to 244 milling and groat producing enterprises from all the seven federal districts. 169 organisations from five geographical zones - "Centre", "South-1", "South-2", "Povolzhye-1", "Povolzhye-2", "Siberia-1" and "Far East" - were allowed to participate in tenders.

There were tendered 60,000 tonnes of grain, including 15,400 tonnes of 3 class wheat, 37,000 tonnes of 4 class wheat and 7,600 tonnes of milling rye (Group A). The exchange tenders participants signed 23 contracts for the whole grain volume from the intervention stocks tendered at that day.

The exchange tenders participants signed 45 contracts, grain accumulating amount of which was 59,000 tonnes. The whole tendered 3 and 4 classes' wheat were sold at average prices 4579 RUR/mt and 3711 RUR/mt respectively, also there was sold 6,500 tonnes of milling rye at 3077 RUR/mt.

Thus, during sixteen days of exchange tenders there were sold 795,000 tonnes of grains from State Reserve of Russian Federation, including 239,000 tonnes of 3 class wheat, 436,100 tonnes of 4 class wheat and 120,000 tonnes of milling rye.