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: 27 May 2010 | Removal date: 28 Apr 2011
Still in force

State loan

On 27 May 2010, the Brazilian Central Bank issued Resolution 3855 announcing the approval of BRL 2,088 million (USD 1,315 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 1,800 million (USD 984 million).

The credit lines were distributed as it follows:

  • BRL 313 million for funding;
  • BRL 522 million for harvest;
  • BRL 940 million for storage;
  • BRL 313 million for Coffee Acquisition Financing (FAC); 

The applicable interest rate ranged between 4.5% and 6.5%.

These amounts apply for the 2010 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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