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Russia sells 1.38 mln T in grain interventions

Reuters

MOSCOW, May 4 (Reuters) - Russia has sold 1.38 million tonnes of grain in 10 state intervention tenders this year, data from an exchange showed on Friday.

Russia's Agriculture Ministry aims to sell up to 2 million tonnes of grain during state interventions, which started on April 4.

The government plans to sell grain harvested in 2005, 2008 and 2009 mainly in the South, Northwest and North Caucasus regions of Russia.

The latest volumes and prices in Russian 2012 grain saleintervention tenders, based on data supplied by the National Mercantile Exchange (NAMEX), are as follows:

Cereal                       Volume sold          Price range
                                 (tonnes)      (roubles/tonne)

 - Cumulative total                                           
 to date                                   
 Total sold                     1,378,534                     
 Wheat 3rd grade                  116,384          5,325-6,800
 Wheat 4th grade                  623,262          4,500-7,150
 Wheat 5th grade                  452,550          4,550-6,000
 Milling rye                       57,620          4,300-4,600
 Feed barley                      128,718          4,550-5,350

 - May 4                                                      
 Total sold                       144,646                     
 Wheat 3rd grade                      540          6,050-6,050
 Wheat 4th grade                   84,630          5,400-7,000
 Wheat 5th grade                   48,767          4,550-5,300
 Milling rye                        1,200          4,300-4,300
 Feed barley                        9,509          4,550-5,125

04.05.12

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