IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 20 Jun 2018 | Removal date: 30 Jun 2020
Still in force

Price stabilisation

On 19 June 2018, the Ministry of Agriculture, Livestock, and Food Supply of Brazil adopted the Ministerial Order 935 increasing the minimum price of certain cereals, cotton, beans, milk, cocoa and rice produced in some regions of the country. The minimum price on these products has increased by an average of 6.5% when compared to the prices set in the previous year, varying between 1.09% and 26.96%.

In the case of cotton, the minimum price has increased on average by 14.56%.

As for paddy rice, the reference price has increased by 1.19%. 

With regard to beans, the average increase of the minimum price was 2.7%, whereas, for cocoa, the average increase was 10.82%.

Concerning milk, the average reference price was increased by 10.58%.

The minimum price of corn increased in the north, midwest, southeast and south of the country by an average of 12.73%, whereas for sisal and soy, the increase was 26.96% and 2.36% respectively.

Finally, in the case of Sorghum, the reference price was increased in the midwest, southeast, south and north of the country, by an average of 8.38%.

The reference values set on this legislation apply for the 2018/2019 and 2019 harvests, and it entered into force on 20 June 2018.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1005 Maize (corn).
100590 Other
1006 Rice.
100610 Rice in the husk (paddy or rough)
014 Oilseeds & oleaginous fruits
1201 Soya beans, whether or not broken.
120190 Other
016 Stimulant, spice & aromatic crops
1801 Cocoa beans, whole or broken, raw or roasted.
180100 Cocoa beans, whole or broken, raw or roasted.
017 Pulses (dried leguminous vegetables)
0713 Dried leguminous vegetables, shelled, whether or not skinned or split.
071333 Kidney beans, including white pea beans (Phaseolus vulgaris)
019 Forage; natural rubber; living plants; raw vegetable materials
5201 Cotton, not carded or combed.
520100 Cotton, not carded or combed.
231 Grain mill products
1006 Rice.
100620 Husked (brown) rice
100630 Semimilled or wholly milled rice, whether or not polished or glazed

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