The state on Wednesday, October 19, bought from farmers 36 180 tons for a total amount of RUB 125 169 327 reported NTBs.

Main purchased volume was wheat class 4 – 26 865 tons. Also purchased 4 of 860 tons of wheat class 5 and 4 455 tonnes of barley. Wheat class 3 in purchases did not appear, as in the previous session.

The average prices of purchase of grain as of October 19, were:

• wheat of 4 class – 9 480,8 rubles/t;
• wheat 5 class – 7 is 616.7 rubles/t;
• barley – 7 957,6 RUB/t

Since the beginning of bidding in 2016/17 MG (19 September) at site NTB was purchased 417,491 thousand tons of grain more than 4,665 billion.

The mechanism of procurement (procurement by the state grain) and commodity (selling grain from the state intervention Fund) intervention operates in Russia since 2001. It is aimed at the stabilization of prices on the grain market and support agricultural producers. When prices fall, the government removes excess grain from the market in order to stop its depreciation, with a sharp rise in prices - is selling grain from the state Fund and thereby stops its rise in price.