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: 26 Apr 2012 | Removal date: 27 Sep 2012
Still in force

State loan

On 26 April 2012, the National Monetary Council (CMN by its acronym in Portuguese) approved BRL 2,065 million (circa USD 1,094 million) for credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé") for 2012. The new budget represents a decrease when compared to 2011 when the total budget was BRL 2,440 million (USD 1,292 million).

The credit lines were distributed as it follows:

  • BRL 500 million for funding;
  • BRL 900 million for storage;
  • BRL 250 million for Coffee Acquisition Financing (FAC); 
  • BRL 50 million for options contracts and operations;
  • BRL 40 million for the recovery of damaged coffee plantations;
  • BRL 225 million for working capital limited to BRL 25 million for the soluble coffee industry and BRL 200 million for the coffee roasting industry;
  • BRL 100 to finance debts originating in the rural financing for coffee.

These amounts apply for the 2012 harvest.

 
Update
On 28 June 2012, the Brazilian Central Bank issued Resolution 4099 increasing from BRL 500 million to BRAL 550 million the resources allocated to funding.

On 27 September 2012, the Brazilian Central Bank issued Resolution 4139 approving an increase in the resources allocated to storage (please, see related state acts). 

On 7 January 2013, the Brazilian Central Bank issued Resolution 4180 changing the resources allocated for funding and for options contracts and operations (please, see related state acts).

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.
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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