Gov't may allocate up to $317m for grain purchases

The volume of funds that are to be attracted to carry out purchaseinterventions on the grain market can be between 2bn rubles (about $63.6m)and 10bn rubles (about $317m), a source in the Russian government toldRosBusinessConsulting. He pointed out that the bid for grain would be basedon an analysis of the situation on regional markets.As it was reported earlier, the decision to make purchase interventions wasadopted at today's government meeting headed by Prime Minister MikhailKasyanov, at which questions of stabilizing Russia's grain market werediscussed..

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