ANNOUNCEMENT 29 Mar 2019
In March 2019, the Russian agriculture ministry set minimum state purchase prices for grains, valid in 2019-2020.
NUMBER OF INTERVENTIONS
Ministry of Agriculture of Russia. Order N155 dated 289-03-2019, Об определении предельных уровней минимальных цен на зерно урожая 2019 года в целях проведения государственных закупочных интервенций в 2019-2020 годах (On the determination of the limit levels of the minimum prices for grain in the crop of 2019 for the purpose of conducting government procurement interventions in 2019-2020), http://docs.cntd.ru/document/554235832
On 29 March 2019, the Russian agriculture ministry set the minimum purchase prices for grains, valid between 1 July 2019 and 30 June 2020. When market prices fell below the minimum prices, the government undertakes an obligation to centrally procure listed goods.
The Russian federal law "On Development of Agriculture (№264, 2006) allows price interventions with regard to wheat, barley, rye, corn and other products listed by the Government. To trigger such interventions, the Russian agriculture ministry has to publish and order and monitor prices.
Starting in 2019, the Government sets different prices for each federal district of Russia. The VAT-inclusive prices are set as follows:
In 2019, the Ministry did not set minimum purchase prices for the highest quality wheat (classes 1 and 2).