AreaBrazil

Commodity GroupOilseeds, oils and meals

CommoditySoybeans

Date01/10/2020

Policy CategoryTrade

Policy InstrumentImport policy

DescriptionAnnounced that the Brazil’s tariffs on soybeans, soyoil and soymeal imported from countries outside the Mercosur trade bloc would be suspended until 15 January 2021. Meant to help reduce domestic food prices, the measure is aimed at facilitating imports by Brazil’s crushing, animal feed and biodiesel industries, which are faced with exceptionally high commodity prices question.

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