São Paulo – Some of Brazilian National Company of Supply’s (CONAB, acronym in Portuguese) warehouses will be auctioned in the next few months according to information released this Thursday (28) by the minister of agriculture, livestock and supply (MAPA, acronym in Portuguese), Tereza Cristina (picture above). The underused warehouses will be auctioned, according to the minister, who installed the new CONAB president Newton Araújo Silva Júnior.
According to Cristina, CONAB supply network is a large and old one, and it does not make sense to keep it now that traders in the agriculture sector are more dynamic and have more modern supply and production outlet systems. “We can’t afford having public companies with a huge patrimony because maintaining them isn’t worth its use,” she explained.
CONAB has now 178 warehouses, and 67 of them are underused, according to the new president. He said they may be auctioned or granted to the private initiative through barter transactions.
Translated by Guilherme Miranda
