29 May 2023 17:33

Russia's Agriculture Ministry not yet planning to purchase grain for the state fund - agro minister

MOSCOW. May 29 (Interfax) - There will not be any additional purchases of grain for the state intervention fund thus far, and the three million tonnes of wheat purchased previously is sufficient, the Russian Agriculture Ministry said in a statement.

"There will be no increase [in the state fund], as three million tonnes have been bought, and this is enough," Agriculture Minister Dmitry Patrushev told reporters on Monday when answering whether the Agriculture Ministry planned to continue purchase interventions on the grain market.

"We will see what happens [on the market], though we do not have any plans yet," Patrushev added.