AreaBrazil

Commodity GroupGrains

CommodityWheat

Date23/06/2023

Policy CategoryStocks

Policy InstrumentFood security

DescriptionAnnounced the procurement of 500 000 tonnes of maize from rural producers through the Federal Government Acquisitions mechanism with the aim of replenishing public food reserves, resuming a policy that had been discontinued under the previous government. An allocation of BRL 350 million (USD 71 million) has been allocated to support stock purchases, which the government expects to help stabilize prices when supplies are low and to help farmers sell their output at the legally-mandated minimum price.