The FINANCIAL -- On December 13, 2011, the National Mercantile Exchange realized regular
exchange public sales within frames of the public purchasing
interventions on the grain market of Russia.
According to the press-service of JSC United Grain Company, as of December 13, the Mercantile Exchange accredited 179 companies to participate in public purchasing interventions with a stated volume of harvest of 989`514 tonnes.
The companies put 64.5 thsd tonnes of grains of the harvest-2011 at the public sales. The public intervention fund purchased 46.14 thsd tonnes of grains at the sum of 213.597 thsd RUR/t, including 38.07 thsd tonnes of 3-grade milling wheat, 8.1 thsd tonnes of 4-grade milling wheat.
Since the beginning of the purchasing interventions, the public intervention fund purchased 230`445 tonnes of grains at the sum of 1.041 bln RUR/t.
The public purchasing interventions with the right of grain repurchasing are held by the order of the Government of Russia dd. November 14, 2011, and order of the Ministry of Agriculture dd. November 16, 2011.
The feature of these purchasing interventions is that agricultural producers who sold own grains to the public intervention fund, in the period since January to May 2012 are entitled to repurchase the grain volumes at the purchasing price less expenses for storage, insurance, and payment of taxes by the Russian laws.
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