Luanda – Food Strategy Reserve (REA) expects to acquire 540,000 metric tons of national product this year at a fixed price, Angola’s Bonded Warehouse CEO announced on Friday.
Eduardo Machado announced this to the press on the sidelines of the 1st National Industry and Commerce Forum, under the motto “The Challenges of Food Self-sufficiency”.
The company’s CEO said that the Food Strategy Reserve (REA) is intended to regulate the market and influence drop in prices of essential food products in the basic basket.
He said the 540,000 tons will help transform part of the offer into consumption for this year.
Also REA coordinator, the manager recalled that in 2022 the reserve injected 775,000 metric tons of products into the market, 40,000 of which were domestically produced maize.
The 1st National Industry and Commerce Forum presents a vision of the different players in the sector, analysing the various challenges and opportunities that the country presents for the development of the food industry and commerce.
The event brings together public and private sectors that debate the issues related to the role of the Industry and Commerce sector.
Source: Angola Press News Agency