IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 28 Apr 2011 | Removal date: 26 Apr 2012
Still in force

State loan

On 28 April 2011, the Brazilian Central Bank issued Resolution 3968 announcing the approval of BRL 2,290 million (circa USD 1,442 million) for credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé") for 2011. The new budget represents an increase when compared to 2010 when the total budget was BRL 2,088 million (circa USD 1,315 million).

The credit lines were distributed as it follows:

  • BRL 600 million for funding;
  • BRL 300 million for harvest;
  • BRL 500 million for storage;
  • BRL 500 million for Coffee Acquisition Financing (FAC); 
  • BRL 50 million for marketing;
  • BRL 40 million for the recovery of damaged coffee plantations;
  • BRL 300 to finance debts originating in the rural financing for coffee.

These amounts apply for the 2011 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.
210112 Preparations with a basis of extracts, essences or concentrates or with a basis of coffee

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