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Brazil El Niño Plan Injects US$262M to Stockpile Corn, Rice
['Carlos Silva']
The Rio Times
Brazil El Niño Plan Injects US$262M to Stockpile Corn, Rice.
Beyond Grains: The Full US$262M PackageWhile grains dominate the budget, the broader Brazil El Niño plan spans multiple ministries.
However, the explicit strategy of increasing public food supply is a direct countermeasure to the cost-push inflation that El Niño typically brings.
Procuring grains takes months, and the most intense El Niño effects are expected in the Southern Hemisphere’s spring and summer.
President Lula stated that Brazil is prepared to handle a more intense El Niño.