10 Dec 2009 13:31

Russian govt buys 27,000 tonnes of intervention grain for 94.5 mln rubles Thurs

MOSCOW. Dec 10 (Interfax) - The Russian government purchased on Thursday 27,000 tonnes of grain for a total of 94.5 million rubles as part of grain-market intervention that began on November 2.

The National Commodities Exchange said total grain intervention purchases from the 2009 harvest had come to 1.155 million tonnes, valued at over 4.58 billion rubles. Grain-market intervention is figured at 10.5 billion rubles all told for the year.

The intervention fund now holds 912,000 tonnes (worth 3.77 billion rubles) of class-3 food-grade wheat, as well as 51,300 tonnes (128.1 million rubles) of food-grade rye.

United Grain Company is the government's purchasing agent, buying bi-weekly on Tuesdays and Thursdays.