Norway will resume grain reservations after a 20-year hiatus

The agreement on the storage of 30 thousand tons of grain was signed by the Minister of Agriculture and Food Geir Pollestad and four private companies, the Associated Press writes. The wheat, which will be owned by the Norwegian government, will be stored at the companies' existing facilities across the country. Three companies are storing at least 15,000 tons this year. Companies are "free to invest in new facilities and decide for themselves where they want to store emergency grain, but they must provide grain to the state if necessary," the Norwegian government said in a statement. Norway's Ministry of Agriculture and Food said that "creating a food grain reserve means being prepared for the unthinkable." In the coming years, Norway will sign new contracts for the creation of reserves with the aim of increasing the reserve until 2029. The goal is to have approximately 82,500 tons of grain in storage by the end of the decade and then have enough grain for three years of monthly ...