# Oksana Lut: Procurement interventions are proceeding quite actively

> Russia’s state grain procurement program bought more than 94,600 tonnes of wheat over its first eight trading days, spending over 1.1 billion rubles. Agriculture Minister Oksana Lut said the government plans to buy up to 3 million tonnes to remove some surplus from the market and support prices; state purchase prices are currently above market levels.

- Date: 2026-11-10 · published 2026-11-10T13:39:06.376Z
- Category: policy · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/91851-oksana-lut-procurement-interventions-are-proceeding-quite-actively
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Government buying creates additional domestic demand and removes grain from commercial supply, supporting Russian wheat prices and farm revenues. Purchases at the planned scale could also reduce the amount available for export.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-01-24 | [Opposition calls for McGowan Government to intervene in proposed MUA industrial action – The Nationals WA](https://feedsoft.ai/events/37804-opposition-calls-for-mcgowan-government-to-intervene-in-proposed-mua-industrial.md) | +4.1% | +3.2% |
| WHEAT | 2024-02-20 | [India: Wheat stocks to drop to 16-year low, Centre asks states to prepare for early procurement](https://feedsoft.ai/events/31611-india-wheat-stocks-to-drop-to-16-year-low-centre-asks-states-to-prepare-for.md) | -3.5% | -4.2% |
| WHEAT | 2020-07-03 | [India's Wheat Procurement at a Record High - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/52086-india-s-wheat-procurement-at-a-record-high-supply-chain-council-of-european.md) | -5.7% | -5.1% |
| WHEAT | 2025-04-27 | [India to not allow wheat export even if govt procurement exceeds target - The HinduBusinessLine](https://feedsoft.ai/events/25055-india-to-not-allow-wheat-export-even-if-govt-procurement-exceeds-target-the.md) | -0.9% | -4.3% |
| WHEAT | 2022-04-27 | [Fertilizer Pricing Already Negatively Impacting Eastern Canada Planting Season - Grain Farmers of Ontario](https://feedsoft.ai/events/41794-fertilizer-pricing-already-negatively-impacting-eastern-canada-planting-season.md) | -1.9% | +0.9% |

## Sources

- agroinvestor.ru: https://www.agroinvestor.ru/markets/news/46804-oksana-lut-zakupochnye-interventsii-idut-dovolno-aktivno/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.