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Medvedev orders monitoring of grain supplies

08-27-2010 17:10 BJT

MOSCOW, Aug. 27 (Xinhua) -- Russian President Dmitry Medvedev on late Thursday ordered First Deputy Prime Minister Victor Zubkov to monitor regularly grain supplies in Russian regions and guarantee demands.

"Agrarians are afraid of remaining without grain at all, first of all without feed grain," said Medvedev as quoted by the Itar-Tass news agency.

While discussing the problems of those suffering from forest fires, the president stressed the importance of daily monitoring.

"We must see to it that grain supplies are not stopped so that we know demands of each region in order to promptly meet it," said Medvedev.

The government has taken measures to support agricultural producers via subsidizing the extended loans, said Zubkov.

"It means that loans to the total sum of about 127 billion rubles (some 4 billion U.S. dollars) will be extended, and five to six billion will be yearly allocated," said Zubkov.

Zubkov meanwhile denied any lack of grain on the Russian market, adding that an intervention stock of over 9 million tons, including 3 million tons of feed grain, was most likely to be initiated "next spring when the market situation is absolutely clear."

Recently the Russian government imposed a temporary ban on grain export as the heat and drought damaged the agricultural sector with the harvest dropping to 60 million tons, according to forecasts.

Editor:Du Xiaodan |Source: Xinhua

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