Bloomberg News

Russia Suspends Grain Purchases for Stockpiles, Ministry Says

March 13, 2012

Russia suspended grain purchases for state stockpiles, Dmitry Bobkov, director of the agriculture ministry’s department on state policy and information, said.

“The purchases are suspended because demand for grain is very small and prices stabilized on domestic market,” Bobkov said by phone from Moscow. Russia may sell grain from stockpiles at the end of March or early April, he said.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net


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