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: 02 Jun 2015 | Removal date: 31 Mar 2016
Still in force

State loan

On 2 June 2015, the National Monetary Council (CMN by its acronym in Portuguese) approved BRL 4,136 million (USD 1,317 million) for credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé") for 2015. The new budget represents an increase when compared to 2014 when the total budget was BRL 3,825 million (USD 1,218 million).

The credit lines were distributed as it follows:

  • BRL 950 million for funding;
  • BRL 1,506 million for storage;
  • BRL 750 million for Coffee Acquisition Financing (FAC); 
  • BRL 10 million for options contracts and operations;
  • BRL 20 million for the recovery of damaged coffee plantations;
  • BRL 900 million for working capital limited to BRL 200 million for the soluble coffee industry, BRL 300 million for the coffee roasting industry and BRL 400 million for production cooperatives.

The offered interest rates ranged between 8.75% and 10.5%.

These amounts apply for the 2015 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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