Trade and markets
 

Detail

Area
Brazil
Commodity Group
Grains
Commodity
Wheat
Date
01/11/2016
Policy Category
Consumption and marketing
Policy Instrument
Government market intervention
Description
Announced that financial support of around BRL 150 million (USD 43.8 million) will be provided to help local wheat farmers sell up to 1.7 million tonnes of wheat to the local food industry, through the Premium for Product Outflow Program (PEP) and the Equalization Premium Paid to the Producer (PEPRO). This financial program is a response to depressed prices and market activity due to the record domestic crop.