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Your email address will not be published.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 *

Ads

You May Also Like

Brazil: Dear President, Can You Spare a Job?

Mr. President, how about a popular vote to find out from Brazilians themselves what ...

Thanks God for Washing Machines

I have a deep and abiding interest in how people behave and its relation ...

Pope Benedict XVI talks to bishops meeting in Brazil

Pope Leaves Brazil Scolding Neo-Liberalism and Marxism

Pope Benedict XVI ended Sunday, May 13, his five day visit to Brazil with ...

Amnesty Calls for End to Impunity after Murder of Nun in Brazil

Amnesty International condemned the killing of 74-year-old Sister Dorothy Stang, on February 12, in ...

Brazil’s Lula Scare Tactics Widen His Lead in Reelection Bid

Brazilian President Luiz Inácio Lula da Silva widened his lead over rival Geraldo Alckmin, ...

Brazil and US Should Act as Partners not Foes, Says Rice

During a speech, yesterday, in BrasÀ­lia, capital of Brazil, on United States foreign policy, ...

Brazil Expanding Its Oil Interest in Uruguay Beyond their Shell Gas Stations

Brazilian state-owned oil company Petrobras is examining the development of new business alternatives in ...

And Now, Salvador?

The pace of reform is slow, and ‘grass roots’ initiatives have failed to organize ...

Despite Cheaper Food, Inflation Up in Brazil

Inflation in Brazil resumed an upward trend in October. October’s Broad National Consumer Price ...

Brazil’s Lula: No More Mr. Humble Guy!

"We no longer accept participation in international politics as if we were the wretches ...