The Brazilian government resumed the purchase of corn in state reserves

According to Conab, the first one took place this year. purchase of corn of domestic production in the state reserves of Brazil - 30.6 thousand tons of grain were contracted in the state of Mato Grosso, Reuters reports.

According to preliminary plans, the country's government plans to purchase up to 500,000 tons of grain this year. However, it is reported that farmers are interested in selling no more than 388.7 thousand tons to state reserves.

Recall that the policy of purchasing food in Brazil was previously canceled, and there are practically no state stocks in the country. As expected, the resumption of purchases in state reserves will help ease inflationary pressure in the country in the event of a sharp rise in prices.