Brazilian State of Para to Impose Small Export Tax on Grain

Published Feb 19, 2025

Tridge summary

Governor Helder Barbalho of the Brazilian state of Para is set to pass a law imposing a tax on the export of soybeans, corn, cattle, mining, and other products. The tax was compromised after negotiations with farmers, resulting in a lower rate. The revenue generated will be allocated to the Economic Development Fund for financing infrastructure projects. The agricultural sector in Para, represented by the Soybean and Corn Producers Association of Para, supports the tax as a means to fund necessary improvements and compete with more developed states.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The governor of the state of Para in northern Brazil is set to sign into law a tax on the export of soybeans, corn, cattle, mining, and other items. Farmers had petitioned Governor Helder Barbalho to veto the bill, but after negotiations to reduce the amount of tax, they agreed to a compromise. After negotiations, the proposed tax of R$ 4.32 per sack of soybeans (approximately $0.33 per bushel) was reduced to R$ 1.00 per sack (approximately $0.08 per bushel). For corn, the proposed tax of R$ 2.09 per sack (approximately $0.16 per bushel) was reduced to R$ 0.50 per sack (approximately $0.04 per bushel). The tax is set to take effect on March 26, 2025. Revenue from the new tax will be allocated to the Economic Development Fund (FDE) to finance infrastructure projects such as improved roads and bridges. There will be four members on the management committee including the Soybean and Corn Producers Association of Para (Aprosoja/PA). The best way to view these new taxes is to ...

Source: UkrAgroConsult