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Brazilian Federal Government to announce tax cuts for corn imports, says FPA

Posted by Rafael Moro

Image: Pixabay

The droughts and frosts that occurred this year have harmed corn production in the country. Given this, the solution to avoid shortages has been to import the grain on the international market. But with the drop in production, there was a rise in prices and the solution so that Brazilian farms do not suffer from shortages comes in the form of a Federal Government decree to reduce the PIS and Cofins contribution rate for corn imports to zero - advance information by the vice president of the Parliamentary Front for Agriculture (FPA), deputy Evair de Melo (PP-ES), after meeting with the team of the Ministry of Economy, this Thursday (16).

The signal that the animal protein production sector would suffer from the lack of corn was made by deputy Evair de Mello himself, in August. According to the congressman, "many regions of Brazil have suffered from bad weather, which has generated an imbalance in production."

The deputy explains that with the reduction of the aliquot on grain imports, "the agricultural sector will be able to continue producing and the country will be able to continue working, without the shortage of corn and consequently without the lack of animal protein."

Main raw material of several dishes of typical Brazilian cuisine such as hominy, couscous, polenta, porridges, mush, creams, among others such as cakes and popcorn, corn is a food with high energy potential due to its important starch content. In addition, the grain is used in animal feed, mainly in poultry and swine, and is also consumed by the industry for various purposes.

Its industrial use is not restricted to food, corn is widely used in the production of thickening and adhesive elements, in the production of oils, paper, medicines, clothing, paints, applied in more than 150 different products.

Source: Notícias Agrícolas

This text was automatically translated from Portuguese.