Trade and markets
 

Detail

Area
Brazil
Commodity Group
Oilseeds, oils and meals
Commodity
All oilseeds
Date
01/10/2013
Policy Category
Stocks
Policy Instrument
Public storage
Description
Expanded storage capacity of Brazil's state run food supply company (CONAB) in an effort to allow better domestic supply control, thus preventing local price hikes.
Notes
BRAZIL – investment in public storage: As envisaged under the 2013/14 agricultural policy package (see MPPU Sep.’13), the storage capacity of Brazil’s state-run food supply company CONAB is going to be expanded in an effort to allow better domestic supply control, thus preventing local price hikes. Real 500 million of public funds have been earmarked for the project that comprises the construction of 10 new storage facilities and the modernization of CONAB’s 84 existing facilities. Upon project completion, the country’s public storage capacity should rise to 2.81 million tons (compared to today’s 1.96 million tons).