Regional Decree No. 610-PP of 2002 regarding validation of the Regulation on regional stock of grain and food. Country/Territory Russian Federation Territorial subdivision Penza Document type Regulation Date 2002 Source FAO, FAOLEX Subject Food & nutrition, Cultivated plants Keyword Institution Contract/agreement Cereals/grains/rice Agricultural commodities Crops/grasses Geographical area Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific Entry into force notes Entry into force from the date of issue. Abstract Regional stock of grain and food is destined for ensuring strategic regional food security, setting up reserve stock of food grain and is formed to the extent of 20 percent of the regional annual demand. Capacity of the regional stock is fixed annually by the Regional Government and is formed owing to purchase of grain on contractual and from regional and other producers of agricultural commodities. Products of the regional stock are property of the region and must be calculated separately from other resources. Regional Government determines state client for the formation of the regional stock. The sources for the formation of regional stock are financed at the expense of regional budget envisaged for the next year. Regional Government fixes annually guaranteed prices for grain and food to be purchased for regional stock on the basis of average level of prices on the regional market at the moment of signing purchase contract. Full text Russian References - Legislation Implements Federal Law No. 53-FZ on state purchase and delivery of agricultural commodities, raw materials and food. Legislation | Russian Federation | 1994 Keyword: Agricultural commodities, Food security Source: FAO, FAOLEX