Oleg Nilov, Deputy Chairman of the State Duma Committee on Agricultural Problems, asked the Russian government to triple the volume of grain purchases from agricultural producers for the intervention fund. newspaper reports “News”.
“The 2022-23 record harvest season presented the problem. An unprecedented turnaround is expected as farmers harvest 157.7 million tons of grain and 24.8 million tons of oilseeds,” he said.
He noted that farmers may face serious difficulties in grain storage. Moreover, the withdrawal of some traders from the market further aggravates the problem.
Nilov explained that grains and oilseeds are already being sold with a delay and at best close to cost.
The deputy added that there is a risk of farmers not fulfilling their financial obligations and this may result in bankruptcy. As a result, the government was asked to triple its grain purchases.
However, previously Bloomberg WroteHe said the departure of Western grain traders from Russia would increase its geopolitical influence.