Public auctions for the purchase and removal of corn stock carried out by the National Supply Company (Conab) are expected to start in September, in installments and in several regions closer to the delivery hubs defined by the entity. Tereza Cristina, the Minister of Agriculture, Livestock and Supply, has already forwarded to the Ministry of Economy the proposal to purchase 110 thousand tons, enough to meet the demand of the Programa de Vendas e Balcão (ProVB) by the end of the year. The program benefits small animal breeders, including aquaculturists. The volume of corn will guarantee a regular supply of one of the main inputs in Brazil’s countryside. With the Provisional Measure 1,064 on August 17, it was decided to purchase up to 200 thousand tons of corn annually, at market conditions, to meet the Program. As determined by the MP, the Ministry of Agriculture and the Ministry of Economy need to reach an agreement to define the amount for this year, compliant with Conab schedule.
Sources: Universo Agro/DATAGRO (*Translated by Ia Niani)