PJSC "Akron" (Ticker on MICEX-RTS and LSE: AKRN) today announces the results of non-consolidated statements under RAS for 9 months of 2018.
"United grain company" will sell another 1.5 million tons of grain from the Federal intervention Fund, told RIA Novosti Deputy General Director of JSC "UGC" Dmitry Yuriev.
After a relatively small 2-day reduction at the end of last week, the U.S. wheat market rushed to storm new heights. The occasion was the fresh forecasts of declining production in the EU, black sea and Australia. September futures quotations of wheat in Chicago reached the highest level since mid-June.
The agriculture Ministry proposes to sell in 2018-2019 to 1.5 million tons of wheat from the state Fund.
It is planned to implement of wheat from stocks of Federal intervention Fund purchased in the years 2014-2016.
Playground Paris wheat finished the trading week down. From the negative impact of Chicago not saved even a still weak Euro.
The entire second half of last week, the market for American wheat was characterized by speculative volatility. On Friday, after rising on the eve of the quotations of the nearest futures on all three wheat sites declined as a result of sales by investors.
According to the Ministry of agriculture as 14.05.2018 g. sugar beet (factory) planted on an area of 1.0 million hectares.