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Home Europa Press

The Government increases the REA quota for animal feed by 19.5 million kilos

October 20, 2022
in Europa Press
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The Government increases the REA quota for animal feed by 19.5 million kilos
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SANTA CRUZ DE TENERIFE, 20 Oct. (EUROPA PRESS) –

The Governing Council approved this Thursday the second modification of the Specific Supply Regime (REA) this year, after last July, when the evaluation of the situation of the different economic sectors made an adjustment in the aid to the import of several of the products contained in their lists or supply balances and the Government undertook to continue monitoring supply costs, to make further adjustments if necessary.

As a result of this constant analysis of the costs, the REA Monitoring Commission considered it opportune to make some adjustments, after negotiating with the industrial and primary sectors, which resulted in a common effort so that the livestock group has resources that allow it to better cope with the extra costs produced in the international market of raw materials, as a result of the invasion of Ukraine.

Thus, the Commission has transferred to the Governing Council the proposal approved at Thursday’s session to increase the forage quota for cattle by 19.5 million kilos.

The Monitoring Commission of this economic policy instrument integrated into the Posei program is made up of four ministries of the Autonomous Government.

Specifically, it is chaired by the head of the Ministry of Economy, Knowledge and Employment, Elena Máñez, and the areas of Tourism, Industry and Commerce participate in it; Finance, Budgets and European Affairs, and Agriculture, Livestock and Fisheries.

Between all of them, they evaluate the different costs for the importation of the products included in the list previously approved by the European Union and distribute among them the limited financial sheet and the quotas for each product included in the REA.

The Executive’s spokesman, Julio Pérez, has commented that “it will be the last” change made to the REA, although he has left the door open for more direct aid to livestock to deal with the rise in prices.



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