Brazil announces plan to become world’s granary

by Dave

India eNews
Brazil’s President Luiz Inacio Lula da Silva has announced an initiative, involving an investment of 78 billion reais ($49 billion), to make Brazil the “granary of the world”, Spain’s EFE news agency reported Thursday.

‘What for others is a crisis, Brazil has to face as an opportunity to truly transform ourselves into the granary of the world,’ Lula told a gathering Wednesday in the southern city of Curitiba.

Lula said the crisis over food shortages not only opens up opportunities for Brazil but also for other South American and African countries.

He added that to help those countries increase their agricultural production, Brazil set up offices of its agricultural research service Embrapa in Ghana and Venezuela.

‘Embrapa, which made Brazil the main technological experts in the area of tropical agriculture, also can convert the country into a great exporter of agricultural technology,’ he said.