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Cabinet commissioned Agrarian Fund to purchase 0.4 mn MT grain for State reserves
31.08.2006 10:00 "Agro Perspectiva" (Kyiv) —
Cabinet has charged Agrarian Fund to acquire 2006 crop food grain 400,000 MT for State reserves, reported Cabinet press-service referring to results of conference on grain market condition and grain purchases for this MY country food needs satisfaction.Press-service didn’t provide any additional details (in part. as for grain purchases financial resources). As to Agro Perspective earlier report, State Committee for Material Reserves (State Reserve) initially intended to purchase in total 400,000 MT new crop food grain for State reserves replenishment/renewal. However, as of now State Reserve is likely to fail executing planned purchases due to management changes/technical problems. As to 2006 crop grains purchase Aug 8 tender results, State Reserve had acquired only 37,700 MT food grain instead of earlier planned 100,000 MT. As earlier reported, Ministry of Agrarian Policy had commissioned Agrarian Fund to form country 565,000 MT food grain reserve.
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