| Grain | Intervention Type | 2026/2027 Price (with VAT) | 2026/2027 Price (without VAT) | 2025/2026 Price (with VAT) | 2025/2026 Price (without VAT) | Change |
|---|---|---|---|---|---|---|
| Class 3 wheat | Minimum purchase price | 14,630 | 13,300 | 14,850 | 13,500 | Lowered |
| Class 4 wheat | Minimum purchase price | 13,970 | 12,700 | 14,190 | 12,900 | Lowered |
| Rye Class 3 and above | Minimum purchase price | 12,320 | 11,200 | 11,770 | 10,700 | Raised |
| Barley | Minimum purchase price | 12,540 | 11,400 | 12,540 | 11,400 | Unchanged |
| Class 3 wheat | Maximum sale price | 16,060 | 14,600 | 16,390 | 14,900 | Lowered |
| Class 4 wheat | Maximum sale price | 15,400 | 14,000 | 15,620 | 14,200 | Lowered |
| Rye Class 3 and above | Maximum sale price | 13,530 | 12,300 | 12,980 | 11,800 | Raised |
| Barley | Maximum sale price | 13,750 | 12,500 | 13,750 | 12,500 | Unchanged |
| What Happened | Details |
|---|---|
| Wheat price bands were reduced | Russia lowered the minimum buying prices and maximum selling prices for Class 3 and Class 4 wheat for state interventions in 2026/2027 |
| Rye price bands were increased | The government raised both the minimum and maximum intervention prices for rye |
| Barley levels stayed the same | No changes were made to barley intervention prices |
| Rule applies nationwide | The order covers all Russian regions and was cleared by the Federal Antimonopoly Service |
| Intervention system stays in place | Russia continues to set these price bands every year under agricultural support rules, whether interventions happen or not |
| Purpose of the mechanism | The state buys grain when market prices are weak and sells grain from reserves when prices rise too fast |
| Grain stocks remain large | The intervention fund holds about 4 million tonnes of grain, much of it wheat |
| Recent market activity was limited | In early 2025 through June 30, the government sold 282,180 tonnes of grain worth 3.7 billion rubles |
Russia’s Agriculture Ministry has reduced the wheat price bands that will guide state grain market interventions in the 2026/2027 agricultural season, while raising the thresholds for rye and keeping barley levels unchanged. The new ranges will apply from July 1, 2026, to June 30, 2027, under an order signed on February 24 and registered by the Justice Ministry on March 27.
The updated limits cover all Russian regions and were approved by the Federal Antimonopoly Service. For Class 3 wheat, the minimum purchase-intervention price was set at 14,630 rubles per tonne including VAT, or 13,300 rubles excluding VAT, down from 14,850 rubles and 13,500 rubles in the current 2025/2026 season. For Class 4 wheat, the lower threshold was cut to 13,970 rubles with VAT and 12,700 rubles without VAT, compared with 14,190 rubles and 12,900 rubles previously.
Rye moved in the opposite direction. The minimum intervention price for Class 3 rye and higher was raised to 12,320 rubles per tonne with VAT, or 11,200 rubles without VAT, from 11,770 rubles and 10,700 rubles. Barley purchase levels were left at 12,540 rubles with VAT and 11,400 rubles without VAT.
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The upper limits for commodity interventions were also lowered for wheat and lifted for rye. For Class 3 wheat, the ceiling was set at 16,060 rubles per tonne with VAT and 14,600 rubles without VAT, versus 16,390 rubles and 14,900 rubles this season. For Class 4 wheat, the cap fell to 15,400 rubles with VAT and 14,000 rubles without VAT, down from 15,620 rubles and 14,200 rubles. Rye’s maximum price rose to 13,530 rubles with VAT and 12,300 rubles without VAT, while barley remained unchanged at 13,750 rubles and 12,500 rubles.
Russia sets these intervention bands each year under its agricultural support law, whether or not the state enters the market. The system, introduced in 2001, allows the government to buy grain for the intervention fund when prices are weak and sell grain from reserves when the market overheats, with the aim of smoothing sharp price swings and supporting farm incomes. The state intervention fund currently holds about 4 million tonnes of grain, much of it wheat. The government approved sales of up to 3 million tonnes of wheat, rye and barley from reserves in 2025, and exchange data show commodity interventions ran through June 2025. Between January 27 and June 30, 2025, the state sold 282,180 tonnes of grain worth 3.7 billion rubles on the National Mercantile Exchange.
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