Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Russia Buys 10,665 Tons of Wheat to Support Price

Feb. 28 (Bloomberg) -- Russia’s government bought 10,665 metric tons of wheat from farmers today for 49.2 million rubles ($1.7 million) to support prices, the National Mercantile Exchange said on its website.

Following is a table showing cumulative grain purchases by the government in 2011-12 intervention tenders since buying started on Nov. 29.

===========================================================
             Amount Bought  Price Range       Average Price
                (Tons)    (Rubles a ton)     (Rubles a ton)
===========================================================
Total bought    415,530

Milling Wheat
3rd Grade       307,800     4,100-5,000          4,636.6

Milling Wheat
4th Grade       107,730     4,200-4,650          4,435.2
===========================================================
SOURCE: National Mercantile Exchange.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.