The coffee sector benefited from the Agricultural and Livestock Plan (PAP 2018/2019), with a reduction of 1.5% in costing, storage and FAC (Coffee Purchase for Cooperatives), with an interest rate of up to 7%. year. The reduction amounts to 1.75% in working capital financing for the roasting, soluble, cooperative and coffee purchasing industries, whose rate was up to 9.5% per year. O plan was released on Wednesday (6) by President Michel Temer and the Minister of Agriculture, Blairo Maggi, in an event at the Planalto Palace.
A novelty is the possibility of the borrower to opt for post-fixed interest rate for operations with a term above 12 months. The calculation is based on the IPCA variation of the contracting period up to maturity, plus a factor of up to 1.28% for costing, stocking and FAC cooperatives. For working capital, the factor is up to 3.67%.
In addition, from this harvest, Funcafé will be remunerated at 4%, and the bank remuneration will be the difference between this remuneration of the fund and the interest rate of the loan. The objective is to increase the flexibility of the financial agent in negotiating with the borrower. Another novelty was the increase in the terms of contracting the credit lines of the fund, which will be open from July 1, 2018 to June 30, 2019.
The amounts assigned per line of financing for this harvest are: costing – R $ 1.1 billion; stock, R $ 1.862 billion; FAC, R $ 1.063 billion; R $ 200 million for the Spin-off for the Soluble Industry; roasting, R $ 300 million and; cooperatives, R $ 425.2 million. “These measures are aimed at strengthening MAPA’s role in supporting national coffee production, which is a relevant sector in agribusiness, not only in terms of social and economic aspects, but also contributes heavily to the Brazilian trade balance and domestic supply,” explains the Secretary of Agricultural Policy of the ministry, Wilson Vaz de Araujo.
This text was translated by machine from Brazilian Portuguese.