State grain purchases fell by almost 4 times at the latest auction

The state purchased November 11 at the National Commodity Exchange, as part of procurement interventions, 1.755 thousand tonnes of wheat for 19.531 million rubles. At the previous auction on November 10, 7.29 thousand tonnes were purchased for 83.75 million rubles, according to NCE data.

Four deals were concluded following the auction. 163 participants took part in the auction, compared with 157 the day before. The state bought 540 tonnes of soft wheat of 3-class from the 2026 harvest for 6.59 million rubles and 1.215 thousand tonnes of 4-class wheat for 12.94 million rubles. Rye was not purchased.

The price of the purchased 3-class wheat was 11.1 thousand rubles per tonne excluding VAT. 4-class wheat was bought at prices ranging from 9.85 thousand to 10.65 thousand rubles per tonne, with a weighted average price of 10.178 thousand rubles per tonne excluding VAT.

Compared with the auction on November 10, the weighted average price of 3-class wheat rose by 250 rubles per tonne, while that of 4-class wheat fell by 173 rubles.

Since the start of procurement interventions, from October 29 to November 11, 96.39 thousand tonnes of grain have been purchased for the state reserve for a total of 1.132 billion rubles. During this period, 69 contracts were concluded.

The total volume of purchases of 3-class wheat reached 26.46 thousand tonnes, and 4-class wheat reached 69.93 thousand tonnes. Weighted average prices for the entire period were 11.065 thousand and 10.574 thousand rubles per tonne excluding VAT, respectively.

Under the interventions, it is planned to purchase 3 million tonnes of grain. Taking the latest auction into account, about 3.2% of this volume has been purchased.