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Objectives of the corporation
The
corporation shall strive to achieve the following objectives
A)
Collect and monitor data and information on commodity
production
B)
Assess the size of consumption and determine deficits or
surpluses
C)
Build up a strategic commodity stock
D)
Prorvide better services at least on the basis of cost
recovery and ensure that
surplus funds are
transferred to the gerenal budget
E)
Contribute to the increase in national revenue and
improve services provided by the
corporation
F)
Enter into investments in the field of services that the
private sector is seen unable
alone to make
Authorities of the
corporation
In order to achieve the
above objectives the corporation shall have the following
authorties:
A)
Provide the finance required to secure a strategic
commodity stock.
B)
Collaborate with concerned agencies in order to establish
and secure a strategic
commodity stock
.In this regard , take the necessary actions to bridge the
gap in
food commodities
stock .
C)
Determine the size of the strategic commodity stock.
D)
Undertak functions regarding substitution,allocation and
distribution of commodities
pursuant to
approved standards and controls
E)
In cases of shortages in
production sell in the local markets and expart in cases of
surplus .
F)
Expand the storing capacity in the country in order to
meet the increase in
production and to satisfy the
requirements of market and consumption.
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