The state on Wednesday, November 30, bought from farmers 17 550 tons of grain (from the proposed 19 710 tons), totaling 167 541 750 rubles this was reported NTBs.

Main purchased volume was wheat class 4 – 14 850 tons worth 144 463 500 rubles. Also purchased 2 700 tons of wheat class 5, amount of purchases which had reached 23 078 250 rubles. The 3rd class wheat and barley in the auction did not appear.

The average prices of purchase of grain as of November 30, were as follows:

• wheat of 4 class – 9 728,3 rubles/t;
• wheat 5 class – 8 547,5 RUB/t

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.