IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 31 Mar 2016 | Removal date: 31 Mar 2017

State loan

On 31 March 2016, the National Monetary Council (CMN by its acronym in Portuguese) approved BRL 4,632 million (USD 1.3 billion) for credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé") for 2016. The new budget represents an increase when compared to 2015 when the total budget was BRL 4,136 million (USD 1.16 billion).

The credit lines were distributed as it follows:

  • BRL 950 million for funding;
  • BRL 1,752 million for storage;
  • BRL 1,000 million for Coffee Acquisition Financing (FAC); 
  • BRL 10 million for the recovery of damaged coffee plantations;
  • BRL 925.2 million for working capital limited to BRL 200 million for the soluble coffee industry, BRL 300 million for the coffee roasting industry and BRL 425.2 million for production cooperatives.

These amounts apply for the 2016 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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