Prices for all grains are going to stabilize on the Russian market. The Federal Service of State Statistics of Russia registered the decrease of prices for bakery products due to the reduction in flour prices. The market of fertilizers faced the same tendency, declared the Ministry of Agriculture on December 8.
The government of Russia plans to purchase nearly 5 mln tonnes of grains to the intervention fund from agricultural growers. Intervention prices exceed the current market prices by 30%, which provides additional profits to agrarians. To date, Russia exported nearly 10.5 mln tonnes of grains. The country plans to export 11.5 mln tonnes grains till the end of the current calendar year.
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