Portugal has grain reserves for two months

Published 2022년 3월 8일

Tridge summary

Portugal does not have a legal requirement for a strategic reserve of food raw materials. The country has cereal reserves that last around 1.5 to 2 months. Cereal importers are discussing with silo owners to use them for longer periods to increase food security. The price of maize and wheat is increasing due to the invasion of Ukraine by Russia, which accounts for a significant portion of global wheat and corn exports. Chinese President Xi Jinping has highlighted food supply as a priority, and European producer associations have suggested importing cereals from the US, Brazil, and Argentina.

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Original content

Source: express.pt Portuguese legislation does not include any requirement for the existence of a strategic reserve of food raw materials. Portugal has reserves of cereals for human consumption “for about a month and a half to two months”, says Eduardo Dinis, director-general of the Office of Planning, Policies and General Administration (GPP) of the Ministry of Agriculture, at a time when talks again about the shortage of raw materials caused by the invasion of Ukraine by Russia, two of the world's main cereal producers. This, according to the same official, despite the fact that there is no legal obligation for the existence of a strategic reserve of food raw materials, at national level. However, explains Eduardo Dinis, cereal importers are negotiating with the owners of the silos - namely those in Trafaria and Beato (next to the Tagus, in Lisbon), in Aveiro and Leixões -, the possibility of using them for longer periods than usual, in order to increase, in a certain way, the ...

Source: Confagri