MOSCOW, October 4 (RIA Novosti)
- Russia Considers Early Grain Market Intervention
- Grain Prices at Post-Soviet Record
- Russia to Double Grain Exports by 2020 - Putin
- No Restriction on Grain Export in Future – Dvorkovich
The Russian government has launched intervention on the grain market to stem rising grain prices and stabilize the domestic food market, Prime Minister Dmitry Medvedev said on Thursday.
“I’ve made a decision to start grain interventions to settle the general balance of grain crops in the market. I’m instructing the agriculture minister to prepare proposals on the volume of interventions and the target regions,” Medvedev told a government meeting.
Russian Grain Union President Arkady Zlochevsky said in August domestic bread prices may rise 5-10 percent in the fall in the wake of rising grain prices driven by drought in some of Russian regions.
Russia has cut its harvest forecast for this year from 80-85 million tons to no more than 75 million tons of grain. Russia harvested 94.2 million tons of grain in 2011.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Yury Gagarin: Life of the First Man in Space in Pictures
Infographics: History of the Paralympic Games
We have witnessed the total defeat of western Ukraine, Western nationalists and the West in general, which made the unfortunate decision to support the anti-government activity. They failed to realize that the collapse of Yanukovych means the collapse of Ukrainian unity. They set fire to their own home and planted a time bomb under Ukraine’s territorial integrity.