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Brazil adjusts minimum prices for oranges and wheat

These products are part of the Minimum Price Guarantee Policy of the Ministry of Agriculture of Brazil, a tool to reduce fluctuations in the income of producers and ensure a minimum remuneration.

3/11/2021

Oranges harvesting in Brazil.

Starting in July this year, Brazil will readjust the minimum prices of fresh orange, wheat grain and wheat seed. The new value of the box of 40.8 kg of fresh orange in the 2021/2022 harvest is 17.76 Brazilian reais (2.66 euros), which represents an increase of 14.36%.

Wheat grain and wheat seed had an increase of 11.04%, for the period from July this year to June 2022. The wheat grain, type 1 bread, was established at 48.18 Brazilian reais (7.21 euros) for each 60 kg bag, for the South Region, while according to the Brazilian Ministry of Agriculture, for the other classes and types of wheat and other regions of Brazil, it will be corrected with the variation of 11.04%.

As for wheat seed, it will have a value of 1.98 Brazilian reais (0.29 euros) per unit; price valid for the states of the South, Southeast and Midwest of Brazil.

The decision is contained in Ordinance No. 47, published by the Ministry of Agriculture, Livestock and Supply (Map) in the Official Gazette of the Union this Thursday (11). The measure was discussed at the last meeting of the National Monetary Council (CMN), last week.

These products are part of the Minimum Price Guarantee Policy (PGPM), which is an important tool, says the Brazilian Ministry of Agriculture, "to reduce fluctuations in the income of rural producers and ensure a minimum remuneration, acting as a beacon for the supply of food, encouraging or discouraging production and ensuring regularity of the national supply ".


 
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