ANNOUNCEMENT 16 Jun 2009
The Brazilian government decreased the total budget allocated to the Coffee Economy Defense Fund credit lines known as "Funcafé."
NUMBER OF INTERVENTIONS
Ministry of Agriculture, Fishing, and Livestock. Ministério da Agricultura, Pecuária e Abastecimento. Funcafé Relatorio de Atividade 2009. Available at: http://www.agricultura.gov.br/assuntos/politica-agricola/cafe/arquivos/RelatoriodeAtividadesdoFuncafeExercicio2009.pdf
Ministry of Agriculture, Fishing, and Livestock. Ministério da Agricultura, Pecuária e Abastecimento. Funcafé Relatorio de Atividade 2008. Available at: http://www.agricultura.gov.br/assuntos/politica-agricola/cafe/arquivos/RelatoriodeAtividadesdoFuncafe2008versaofinal.pdf
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:
These amounts apply for the 2009 harvest.