Russia Purchases 10,665 Tons of Wheat to Support Prices
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.
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