LatinNews Daily - 18 August 2021

In brief: Aid approved for Brazil’s coffee producers

* Brazil’s national monetary council (CMN) has approved R$1.32bn (US$249m) in aid for the country’s coffee producers whose crops have been impacted by recent frosts. Upon the recommendation of the agriculture ministry, this sum has been frozen within two credit lines which are part of the Fundo de Defesa da Economia Cafeeira (Funcafé) government fund and will be redirected to affected coffee producers in coming months, distributed according to the level of damages and losses suffered. Unusually cold weather swept across the south of Brazil last month, with frosts damaging an estimated 200,000 hectares of coffee crops in the states of Minas Gerais, São Paulo, and Paraná, affecting prospects for the 2022 harvest and driving up global coffee prices. 

End of preview - This article contains approximately 123 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.