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Trade

REA capable of maintaining market balance over the next half year

The Strategic Food Reserve (REA) has sufficient capacity to ensure market equilibrium for the next half year. The information was provided by Eduardo Machado, chairman of the Administration Council (PCA) of the Customs Warehouse.

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Thus, it is necessary to properly link national production, treatment and market demand so that it is not necessary to interfere with imported products, said the official, who was speaking at the end of the inauguration ceremony of the new Board of Directors of the Entreposto.

Cited by Angop, Eduardo Macho indicated that the Entreposto will give priority to the supply and treatment of the country's production, with a view to the reserve breaking its dependence on imported resources, thus contributing to a better management of the market.

Still on the REA, he informed that the grains started to be bought from Latin America, especially from Argentina, leaving aside the acquisition from Eastern Europe, as was the case before. However, he added that as there is currently stabilization in the grain reserve, the entity has advanced with the bet on importing fertilizers.

The official also took the opportunity to inform that the Warehouse will be modernized with a view to providing an effective response to market demand: "Our biggest challenge is the modernization of the Customs Warehouse to respond to demand and meet the national market, fundamentally in the supply and supply of products linked to the basic food basket", he said, quoted by Angop.

"Firstly, we are going to promote a technological change, modernizing the entire management system to obtain greater efficiency and respond quickly to market needs", added Eduardo Machado.

In addition to Eduardo Machado, Santos Augusto Mussamo and Carlos Filomeno de Martino dos Santos Cordeiro were also sworn in as executive directors and Laureano Rebelo Aragão dos Santos and Madaleno do Rosário da Costa e Silva as non-executive directors.

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