The benefit on tax exemption for importing corn outside Mercosur ended on Wednesday 31. As a result, the Brazilian Association of Animal Protein (ABPA) wants to extend the move, demanding from the government a new tax exemption. The National Supply Company (Conab), the ABPA, and Brazil’s Minister of Agriculture have already talked on the subject. According to ABPA, the authorities have confirmed there is enough supply of corn in Brazil for domestic consumption and exports. “At the same time, it is important to rely on the alternative of external supply, expanding access to other sources of grain, and reducing the disparities between exporting and importing inputs in Brazil”. The supply of corn in Brazil is well balanced and has led cereal prices to break records on the animal protein sector. In addition, for the delay in crop planting, entities fear that production may suffer losses due to climate changes.
Source: Canal Rural (*Translated by Ia Niani)