Brazil: The government is considering the purchase of pork to increase prices

Depending on market response, the Government foresees the definition of the reference price of pork to be exceptional.

Friday 20 July 2012 (5 years 11 months 26 days ago)

On July 12 a meeting was held between Minister of Agriculture of Brazil, Mendes Ribeiro Filho and 50 Brazilian pig industry representatives to discuss the crisis that is affecting the Brazilian swine sector.

During the meeting, Minister of Agriculture talked about the need to activate special lines of credit, with interest at 5.5% per year to help the industry. As for the possibility of a minimum price, Mendes Ribeiro said the government is considering buying pork in order to increase the market price.

Depending on market response, the Government foresees the definition of the reference price of pork to be exceptional (until 12.28.2012) for Flow of Goods grant operations (Escoamento of Produto, PEP), to the amount of R $ 2.30 per kg of live weight. The measure would be valid for goods originating in the southern region and with a limit of 50 000 tons for cooperatives and agribusinesses that buy the product directly from independent producers.

Also according to the minister, it is possible to alter the line of credit for the retention of sows from independent producers, under the Agriculture and Livestock Plan 2012/13, but only if there is demand. The limit value provided continues to be R $ 1.2 million per producer, and may reach R $ 2 million, with a pay period that would remain at two years.

Thursday July 12, 2012/ MAPA/ Brazil.
http://www.agricultura.gov.br

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