Purchasing interventions on Russian grain market to go according to new rules starting on Oct 10

MOSCOW. Oct 10 (Interfax) - Updated rules for purchasing interventions on the Russian grain market come into force on October 10, according to the National Mercantile Exchange (NME), part of the Moscow Exchange group .

The Agriculture Ministry reported previously that it had adjusted the rules for conducting purchasing interventions, with an auction now considered valid if there is one participant versus the previously required minimum of two participants during a public procurement. Additionally, the criteria for sellers have been eased. Producers for whom crop production is an additional area of activity rather than the primary area of activity will also be able to participate in the auction.

In the information about the harvest, which is form No. 2-farmer, absence of a mark of the territorial Federal State Statistics Service (Rosstat) is allowed if there is a letter from the department about the impossibility of accepting the form.

Purchasing interventions on the grain market began on August 1 this year, and the government fund had purchased 662,040 tonnes of grain for 9.983 billion rubles as on October 7.