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: 16 Jun 2009 | Removal date: 27 May 2010
Still in force

State loan

On 16 June 2009, the Ministry of Agriculture, Fishing, and Livestock adopted Resolution 453 distributing the BRL 1,800 million (USD 984 million) resources for credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé"). The new budget represents a decrease when compared to 2009 when the total budget was BRL 2,188 million (circa USD 1,124 million).

The credit lines were distributed as it follows:

  • BRL 200 million for funding;
  • BRL 450 million for harvest;
  • BRL 460 million for storage;
  • BRL 400 million for Coffee Acquisition Financing (FAC); 
  • BRL 100 million to sell off of coffee debt linked to Rural Product Notes;
  • BRL 90 million for the recovery of damaged coffee plantations; and
  • BRL 100 million for rescheduling costing and harvesting.

These amounts apply for the 2009 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
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.
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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