76846865 Officials zapasutsya potatoes to combat inflation
Ministry of Agriculture, Ministry of Economy and Finance Ministry began to discuss the possibility of a Russian state food fund, which will carry out public procurement of cheap food for sale to the market in periods of rising prices. Thus, the newspaper Kommersant, the experience of procurement of grain found fit to be copied to combat food inflation. Behalf of the Ministry to explore the possibilities to regulate the food market in Russia is contained in the minutes of the meeting of First Deputy Prime Minister Igor Shuvalov held a further 31 December 2010. During the meeting, experience a grain state fund was considered "appropriate", and representatives of the government was requested to submit to the White House proposals for regulation have all the food market. The list of items that could be purchased and sold by the state, is now being discussed as possible sources of the fund. In particular, the mechanism of food interventions can be implemented on the potato market, to rise in Russia since the beginning of the year by 25 percent. The question of who will gosagentom of such transactions, the sides of the newspaper in the Ministry of Agriculture called technical. Now the grain of the state fund under the intervention on the exchange sold at a премиум of about 2 rubles per ton. Under Russian law, a large portion of the profits from intervention operations gosagenta (United Grain Company, GCP) should be transferred to the Russian budget. It is these facilities and are invited to make a new seed capital fund. With the implementation of 2.5 million tons of grain, which the government has allowed to sell up to 1 July 2011, such income may amount to 3.5 billion rubles. In addition, in the future fund can be replenished and budgets. However, the sale of grain in the volume of 2,5 million tons, approved in January 2011, can be stopped any time soon. In early February, Russian President Dmitry Medvedev asked to suspend the government's decision to hold the exchange trading in grain. He noted that this mechanism appears to be ineffective because, after bidding the price of grain did not decrease. Medvedev added that the sale of grain through the sale creates the risk of corruption. " Kommersant said that doubts also raise the possibility of state fund to keep the purchased food. In May 2010 the newspaper already wrote that Russia is losing a billion rubles a month in сторидж of grain, which officials bought in 2008-2009 during the cereal intervention. GCP audit showed that about 2.5 million tons of grain is not stored in silos, and in the "outdoor сторидж". Terms of grain сторидж this approach does not exceed three to four years, but to sell his officials could not be due to low market prices. Demand as the market price is the grain was only in the second half of 2010 and in 2011 after the fall harvest due to drought in more than a third. According to the forecast of Economic Development, the first two months of 2011 prices in Russia will grow by 3.7 percent. Overall for the year inflation could exceed the official forecast of 6-7 percent.
