ANNOUNCED AS TEMPORARYYes
On 10 May 2016, the Ministry of Agriculture, Livestock, and Food Supply of Brazil adopted the Ministerial Order 92 increasing the minimum price of coffee, wheat, oats, canola, and barley.
In the case of coffee, the price has increased from BRL 307.00 (USD 88.30) to BRL 330.24 (USD 94.99) and from BRL 193.54 (USD 55.67) to BRL 208.19 (USD 59.88) per 60-kilogram bag for arabica and robusta coffee respectively, for the period ranging between April 2016 to March 2017.
As for bread type wheat, the price has also been readjusted upward from BRL 36.63 (USD 10.54) to BRL 40.48 (USD 11.64), from BRL 40.71 (USD 11.71) to BRL 44.98 (USD 12.94), and from BRL 40.71 (USD 11.71) to BRL 46.82 (USD 13.47) per 60-kilogram bag in the south, southeast and the center of the country respectively for the period ranging between July 2016 and June 2017.
Finally, with regard to oats, canola, and barley, the minimum price has risen from BRL 22.56 (USD 6.49) to 24.93 (USD 7.17), BRL 37.35 (USD 10.74) to BRL 41.27 (USD 11.87), and BRL 24.60 (USD 7.08) to BRL 27.18 (USD 7.82) per 60-kilogram bag respectively. These values apply for the period ranging between July 2016 and June 2017.
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