ANNOUNCEMENT 11 Apr 2017

The Government of Brazil reduced the established minimum prices of all wheat types for the 2017/18 season.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Ministry of Agriculture, Livestock and Supply. Ministério da Agricultura, Pecuária e Abastecimento. Portaria Nº 824 de 11 de abril de 2017. http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?jornal=1&pagina=5&data=19/04/2017

Inception date: 01 Jul 2017 | Removal date: 30 Jun 2018

Price stabilisation

On April 19, 2017, the Official Gazette of Brazil published Decree 826 issued by the Ministry of Agriculture, Livestock and Supply. On it, the Government announced a 3.6% reduction in the minimum price of wheat for the Season 2017/18. The minimum prices set to range from USD 5.15 (BRL 16.21) to USD 7.16 (BRL 22.56) per 60-kilo bag, whereas in the 2016/17 season, minimum prices ranged from USD 5.34 (BRL 16.82) to USD 7.43 (BRL 23.4)  per 60-kilo bag.

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