IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Mar 2017 | Removal date: 28 Mar 2018
Still in force

State loan

On 31 March 2017, the National Monetary Council (CMN by its acronym in Portuguese) approved BRL 4.360 billion (USD 1.38 billion) for credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé") for 2017. The new budget represents a decrease when compared to 2016 when the total budget was BRL 4.632 billion (USD  1.46 billion).

The credit lines were distributed as it follows:

  • BRL 1.01 billion for funding;
  • BRL 1.862 billion for storage;
  • BRL 1.063 billion for Coffee Acquisition Financing (FAC); 
  • BRL 425.2 million for production cooperatives.

These amounts apply for the 2017 harvest.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

239 Food products n.e.c.
0901 Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion.
090121 Not decaffeinated
090122 Decaffeinated
2101 Extracts, essences and concentrates, of coffee, tea or maté and preparations with a basis of these products or with a basis of coffee, tea or maté; roasted chicory and other roasted coffee substitutes, and extracts, essences and concentrates thereof.
210111 Extracts, essences and concentrates
210112 Preparations with a basis of extracts, essences or concentrates or with a basis of coffee
210120 Extracts, essences and concentrates, of tea or maté, and preparations with a basis of these extracts, essences or concentrates or with a basis of tea or maté

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