It is estimated that each ton will cost 220,000 kwanzas, thus estimating that the REA will spend more than 13.2 million kwanzas if the amount of grain is purchased at that price.
However, Mário Caetano, Minister of Economy and Planning, quoted by Angop, clarified that the reserve is responsible for managing prices and, therefore, they may vary.
Speaking on the sidelines of the 6th ordinary session of the Council of Ministers – at which the memorandum on Support Measures for the Production and Disposal of Grains and Fertilizers was approved – the minister referred that another reason for the purchase concerns the fact that that the country's producers have a low storage capacity, taking into account the current harvest.
The head of the Economy and Planning portfolio also took the opportunity to inform that REA will also strengthen its performance, both through imports and the acquisition of national production, writes Angop.
The meeting also saw the 'green light' for the purchase of fertilizers (total of 120 thousand tons).
According to Angop, the purchase of fertilizers will be of a public-private nature, with the Development Bank of Angola (BDA) providing part of the funds.
The chemicals will be purchased from Morocco and Russia (which is currently in armed conflict with Ukraine). In this regard, the minister stated that no country should be penalized for acquiring products to supply its needs.
