AreaBrazil

Commodity GroupOilseeds, oils and meals

CommodityAll oilseeds

Date01/10/2013

Policy CategoryStocks

Policy InstrumentPublic storage

DescriptionExpanded 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.

NotesBRAZIL – 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).