• Categories
  • Archives

Brazil’s Minimum Price for Beans Spurs Farmers

Bean plantation in Brazil The minimum price stipulated by the government for the price of beans should generate an "expressive" increase in the area cultivated by the product. This is the estimate of National Food Supply Company (Conab) analyst João Figueiredo Ruas.

The value guaranteed to farmers for each 60-kilogram bag should rise from 47 Brazilian reais (US$ 29) in the 2007/08 crop to 80 reais (US$ 50) in the crop to begin now. If the market is paying less than that, the government should buy part of the produce.

Currently, the price of the grain is at 66 reais (US$ 40), well below the average price paid to Brazilian producers, around 135 reais (US$ 84), according to the region.

However, as it is a high-risk culture, it is necessary for the producer to receive enough for the three cycles of cultivation to be worthwhile. "With the new minimum price, income to producers is guaranteed," stated Ruas.

The director of Stock Management at Conab, Rogério Colombini, stressed the importance of stimulating cultivation of a product that contributes to Brazilian food safety.

"The government wants bean production to rise as the product weighs heavily in the cost of Brazilian feeding and, consequently, in the index of inflation."

In the 2007/09 crop, which is ending, the country should reach production of 3.54 million tons and consume 3.4 million. Despite balanced, the equitation is risky.

"It seems like we have a surplus, but we must wait for the end of the crop," said Ruas. According to him, there is news of a potential crop reduction in the Northeast, due to rains that have hit the region.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

In Brazil Exports Double and Imports Halve

Brazilian agribusiness exports have already broken a record this year: Growth in January was ...

Old Ways

Congress has been discussing whether elected officials should hire their own relatives. A congressman ...

A Record: Brazil Exports US$ 118 Billion and Gets US$ 45 Billion Surplus

2005 Brazilian trade balance (difference between what the country bought and sold abroad) was ...

Brazil Expects Foreign Investments to Fall US$ 10 Billion in 2009

Brazil's estimated trade surplus (positive balance of exports less imports) for 2008 has been ...

Brazil Catching Up to China on Leather Exports

Leather exports from Brazil should rise from the US$ 1.8 billion, recorded last year, ...

Brazil to Reward Exporters with Tax Breaks

The Brazilian Ministry of Development, Industry and Foreign Trade is working on a project ...

Beer Makers in Brazil Busted for Half a Billion Tax Fraud

The tax embezzlement scheme allegedly practiced by the Schincariol beverage company may have diverted ...

Brazilian President Goes to Africa for Fifth Time

Brazilian President Luiz Inácio Lula da Silva announced, this Wednesday, January 4, his fifth ...

Global Crisis Still Slowing Down Brazil’s Ethanol and Sugar Industry

The Brazilian Sugarcane Industry Association’s (UNICA) estimates project a 10% increase in sugarcane production ...

Brazil Wants to Be an Agent Between First World and Africa

Brazil’s Minister of Environment, Marina Silva, said, January 27, that she wants to intensify ...