Russia may sell 500,000 tonnes of grain from government intervention stocks in 2012 to stem rising prices on domestic market, deputy agriculture minister says

MOSCOW , October 2, 2012 () – Russian Deputy Agriculture Minister Ilya Shestakov said the nation might sell 500,000 tonnes of grain from government intervention stocks in 2012 to stem rising prices on the domestic market, Thomson Reuters reported Oct. 2.

Shestakov made the comments during a press conference, adding that the Agriculture Ministry would submit the proposal to the Economy Ministry.

Russia's cereal harvest yields have been cut by 25% amid hot and dry weather.

The primary source of this article is Thomson Reuters, London, England, on Oct. 2, 2012.

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