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Agrarian Fund to create 565,000 MT Food Grain Reserve till Dec 1
16.10.2006 14:08 "Agro Perspectiva" (Kyiv) —
As to Ministry of Economics press-service report, Agrarian Fund is going to form 565,000 MT Food Grain Reserve until this year Dec 1 due to Cabinet commission. Press-service says Fund presently has 203,000 MT grain; press-service hasn’t specified whether Fund has already made any payments to grain sellers. As to report, Agrarian Fund is now executing active grain purchases (for which Fund had been given additional UAH230 mn). As to Agro Perspective earlier report, end Aug Cabinet had commissioned Agrarian Fund to buy in total 400,000 MT food grain (2006 crop) for State reserves. As to Agro Perspective, Ministry of Agrarian Policy had earlier commissioned Fund to form country 565,000 MT food grain reserves in 2006. Agrarian Fund was created summer 2005 by Cabinet decision. As of now, Fund functions as Ministry of Agrarian Policy structural subdivision; Fund is to execute interventions on country food markets in case of their destabilization or prices sharp fluctuations.
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