Agrarian Fund of Ukraine begins to non-state regulation of the purchase price of food grain crop of 2009 to the state food reserve for Agricultural Exchange on spot contracts.

As stated in the declaration of stock in the government newspaper Урядовый Courier on Wednesday, the purchase will be made on average prices prevailing over the past three trading sessions on Agricultural Exchange and certified by accredited commodity exchanges, and if they decrease below the level set Ministry of agrarian policy of minimum prices - for these minimum prices.

The report states that it is a wheat Group A grade 2-3, Group B Class 4 and rye, 1,2 and 3 classes.

As reported, Agrarian Fund to purchase from the 2009 harvest 889 tonnes of food grains to the state food reserve. From 1 July this year has already begun to fund mortgage purchases of grain.

Agrarian Fund in 2008/2009 MG carried out the operation from about 3 million tons of grain. In particular, he has purchased for direct contracts 1.2 million tons of grain, the grain has the same pledge, and also acquired forward by 640 thousand tons of wheat 3rd and 4 th grade.

Currently, the accounts of the Agrarian Fund has 430 million UAH. At the same time expected to have 390 million UAH from the sale of grain and sugar. Minagropolitiki hoped that through this fund will be able to accumulate about 1,2-1,3 billion UAH for the purchase of grain of new crop.

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