Russia may buy up to 3 mln T of grain for state stockpile, ministry says

The reserve fund is designed to help smooth domestic prices
calendar icon 7 September 2022
clock icon 1 minute read

Russia may buy up to 3 million tonnes of grain for the state reserve fund this year, reported Reuters, citing Russia's agriculture ministry on Wednesday.

The state's grain reserve fund is designed to help smooth prices in the domestic market, allowing the government to cool the market by offloading supplies should prices rise too fast.

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