Conab's public stock gap decreases for the second year in a row in 2018

The good result, according to the Superintendence, is a reflection of the constant innovations applied in control actions, based on continuous training business technicians, combined with the use of methodologies and systems that adopt more modern information technologies.

The survey also highlights the reduction in the loss of storage, 6 thousand tons for 1.35 thousand tons. The product increased from 2 tonnes in 2018 to 1,400 tonnes last year. The increase is mainly due to the loss of quality of corn stored at Santa Catarina.

The product having been deposited in a third warehouse, there will be no loss to the Company, the inventory management agent having to return the stock, either in the product. or in cash. If the invoice is not settled on time, the amount will be increased by a fine and a late interest per month, and the debtor will be integrated into the registration and payment system. control of defaulters (Sircoi) and the federal public sector. (Cadin).

As soon as a deviation occurs, the irregularity is brought to the attention of the public prosecutor's office of the Federal Tax Service, the Treasury and the Federal Police. In addition, the warehouse is unable to operate with the company for two years and must return the original stock in cash or product.

Cereal production in the 2018/2019 cycle is expected to increase by 4.5%, says Conab