April 10, 2012

Russia sells over 230,000 tonnes of grains

The Russian intervention fund exposed 149.621 thsd tonnes of grains in the exchange sales on April 5 of the harvests in 2005, 2008 and 2009, which was attended by 133 companies.

According to the press-service of OJSC United Grain Company, during the exchange sessions the public intervention fund sold 116.055 thsd tonnes of grains at the sum of RUB623.849 million (US$21.05 million), including 2.7 thsd tonnes of grains of the harvest-2005 at the sum of RUB14.648 million (US$0.49 million), 103.115 thsd tonnes of grains of the harvest-2008 at the sum of RUB552.083 million (US$18.63 million), 10.24 thsd tonnes of grains of the harvest-2009 at the sum of RUB57.119 million (US$1.93 million).

Fifty-eight organisations became the winners of exchange stock trades, with which OJSC United Grain Company will conclude sales contracts.

Since the beginning of the public interventions trades in 2012, the state intervention fund sold 232.261 thsd tonnes of grains at the stock exchange sales at the general sum of RUB1.212 bilion (US$0.04 billion). As of April 5, 2012, 149 organisations were accredited to participate in the public commodity interventions.