AreaBrazil

Commodity GroupGrains

CommodityWheat

Date23/10/2023

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAllocated BRL 400 million (USD 79 million) to subsidize wheat transactions. The programme introduces a base price of BRL 88 for a 60kg bag (USD 289 per tonne) of "high-quality wheat," which is 44 percent higher than the current domestic price. The scheme will ensure that transactions take place at this price level through the participation of wheat growers, millers and traders in an auction system.