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Published July 21, 2010, 08:58 AM

Russia to launch grain interventions next month

MOSCOW — Russia’s agriculture ministry says it will be introducing grain interventions next month as sweltering weather in Russia has killed at least one-fifth of grain crops across the country.

MOSCOW — Russia’s agriculture ministry says it will be introducing grain interventions next month as sweltering weather in Russia has killed at least one-fifth of grain crops across the country.

Agriculture Minister Yelena Skrynnik said in a statement on Wednesday that the government will sell at least 3 million tons of grain to struggling meat and dairy producers in the drought-affected areas.

The ministry earlier said that at least 9.6 million hectares of crops was destroyed by the heatwave in central Russia and the Ural mountains.

At least 23 of Russia’s 83 regions have announced a state of emergency due to record-breaking temperatures that destroyed up to 50 percent of crops in some of the regions, inflating grain prices.

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