During the hyperinflation period of 1992-94, agricultural input prices increased by at least twice as much as output prices. However, the state order system remained in place until 1994, at which time it was replaced by a more flexible system of purchases for the state’s needs. The Food Contract Corporation (FCC) was established in 1995 as a state grain purchasing agency. State purchases continued to dominate marketing channels, but as procurement prices remained low, most agricultural enterprises became insolvent.