Putin, in a conversation with Minikhanov, noted that the federal government will support the regions in solving the problem of low grain prices. The problem is actually significant. Third grade wheat, the main raw material for making bread, has dropped in the local market to 8,500-10,300 rubles per ton compared to about 14,600 last year, export prices are more or less stable, but exports are complicated due to shipping problems in the Black Sea. This, by the way, led to the fact that in the Rostov region the purchase prices of wheat fell to 6,000 rubles and below.
Too cheap is bad, agricultural producers have to take out loans for this income next year, and if they leave things to chance, producers will not improve. There is a mechanism in the form of grain intervention, where the state, depending on the market situation, either intensively purchases the harvest, or on the contrary, throws a lot more grain on the exchange, but the volume of purchases this year will clearly be higher than usual to compensate for problems with shipments abroad.
What will happen to wheat prices in the world in the context of reducing the exports of the market leader (which is us) is a separate question. For several countries this is an acute internal political problem. So we'll see.