AreaBrazil

Commodity GroupGrains

CommodityWheat

Date01/11/2016

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionAnnounced that financial support of around BRL 150 million (USD 43.8 million) will be provided to help local wheat farmers sell up to 1.7 million tonnes of wheat to the local food industry, through the Premium for Product Outflow Program (PEP) and the Equalization Premium Paid to the Producer (PEPRO). This financial program is a response to depressed prices and market activity due to the record domestic crop.