PT | EN | ES |

Government to zero import tariffs for soybeans, corn and rice

Posted by Marina

The Government will temporarily remove import tariffs on rice, soybeans and corn from countries outside Mercosur, according to the Valor Econômico newspaper, the Secretary of Agricultural Policy of the Ministry of Agriculture, César Halum.

The objective of the measure is to propose price equilibrium and combat impacts on inflation given the surge in the values ​​of the three grains in Brazil, according to the secretary, who did not specify when the exemption is valid. This Thursday (27) the measure will be voted on by the Executive Management Committee of the Foreign Trade Chamber (Camex).

"We are hardly going to import anything. We have grains inside Brazil and it will normalize commercialization with this measure. The problem is that prices have skyrocketed. We cannot prohibit anyone from exporting. But we will not have any supply problems, it is guaranteed. Our fight is to control prices, "Halum told Valor.

Also according to the news, the biggest concern of the government is with rice - which had a drought negotiated at R $ 100.00 in parts of Brazil - and the impacts for the final consumer. "It is a staple food. If there are people holding rice, speculating to increase prices, it can spawn, otherwise Brazil will import and balance the market," said the secretary.

In soy, imports far outnumber previous years given the scarce product supply. From Paraguay alone, purchases from January to August 15 add up to 455 thousand tons against 150 thousand in the whole of 2019. However, the market has been speculating that Brazil could import American soy, for example, a product for which today the import tariff for countries outside Mercosur it is 8%, as in corn.


ABPA is favorable to the elimination of tariffs for imports of corn and soybeans

The Brazilian Association of Animal Protein (ABPA) is in favor of the elimination of tariffs for the import of corn and soybeans, as these sectors have become highly exporters.
The Brazilian productive sector prioritizes the grains produced internally. At the same time, it needs alternative sources when grains in the domestic market reach highs in such a way that it becomes more advantageous to import.

ABPA defends the free market, therefore, in the same way that it is not favorable to export restrictions, it also believes it is fair to allow balanced conditions for the import of inputs.

The possibility of importing is also essential for maintaining inflationary control, since the high production costs will inevitably reflect on the price of food to the final consumer.

Source: Notícias Agrícolas