Government prepares measures for stopping corn price drop

17/03/2006 - 12h31

Priscilla Mazenotti
Reporter - Agencia Brasil

Brasilia – The Secretary of Agriculture Policies of the Ministry of Agriculture, Ivan Wedekin, admitted this Friday (17) that the federal government is elaborating a set of measures to hold the price of corn.

According to Wedekin, a huge corn production is expected, and the government is worried about recent price drop.

Wedekin made an evaluation of government incentive programs for the commercialization and support of the rice, wheat, and corn markets. He affirmed that, according to measures announced in February, the government will make US$142 million available for corn stocking.

Translation: Andréa Alves