Russia halts purchases of grain for stockpile amid small demand, stable domestic prices, minister says

Andrew Rogers

Andrew Rogers

Mar 14, 2012 – Industry Intelligence

LOS ANGELES , March 14, 2012 () – Russia has stopped purchasing grain for the country’s stockpiles, according to Dmitry Bobkov, director of the agriculture ministry’s department of state policy and information, Bloomberg reported March 13.

The small demand for grain and stable domestic prices drove the decision to suspend purchases, Bobkov said.

The country may export stockpile grains at the end of March or early April, Bobkov added.

The primary source of this article is Bloomberg, New York, New York, on March 13, 2012.

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