Oilseeds, oils and meals
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.
BRAZIL investment in public storage: As envisaged under the 2013/14 agricultural policy package (see MPPU Sep.13), the storage capacity of Brazils 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 CONABs 84 existing facilities. Upon project completion, the countrys public storage capacity should rise to 2.81 million tons (compared to todays 1.96 million tons).