Putin Reverses Grain Intervention Strategy


The state will begin unloading grain from its stockpiles August 4 to help relief efforts in drought-stricken regions, Agriculture Minister Yelena Skrynnik said Wednesday, ending two years of stockpiling meant to support prices.

The government also has said it hopes to help farmers and is considering five-year subsidized loans to purchase grain from stockpiles among other bailout measures to lessen the impact of the drought.

Twenty-three regions across Russia have declared a state of emergency as weeks of record-breaking heat have ruined 9.6 million hectares of grain this season.

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Food shortages happening

Food shortages happening more frequently. China and Russia have been hit especially hard. I wonder if this could be a driving force for Magog and the Kings of the East.


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