“Because of the changes brought about by the war in Ukraine, it is now clear how important it is for the state to be able to provide security in many economic areas. That is why we are consistently consolidating this state-owned part of the economy,” Deputy Prime Minister Jacek Sasin said.
On 29 March, a conference on the completion of the National Food Group was held at the Ministry of State Assets, attended by Deputy Prime Minister and Minister of State Assets Jacek Sasin and Henryk Kowalczyk, Minister of Agriculture and Rural Development.
The war in Ukraine has fundamentally changed the situation in the agricultural and food markets. It affects the prices of basic products, supply chains and the availability of cereals. This led to an increase in production and transport costs. These events clearly demonstrate the importance of independence in the fuel and energy sectors or agriculture. Building strong groups is the most important direction to be pursued in the context of corporate consolidation.
“We are talking about the consolidation of the food sector, which is extremely important for Poland’s economic security. We want the Polish economy to be strong and able to face the challenges of these difficult times,” the Minister of State Assets said.
The establishment of a National Food Group will ensure the supply of strategic food reserves and contribute to the stabilization of the market for agricultural products.
“The National Food Group, according to all analyses of both the Ministry and the advisors in the process of founding the company, is expected to generate revenues of about PLN 3.5 billion,” Deputy Minister of State Assets Andrzej Sliwka said in the Sejm (Polish Parliament).
He added that in the first phase, 65% of the revenue would come from the sugar sector. The holding company is largely based on the Krajowa Spółka Cukrowa S.A. (eng. Polish Sugar Group).