Finally, the government releases money for PEP and Pepro, but first cuts almost 40%

(By Cleiton Evandro, AgroDados/Planeta Arroz) The expectation at the Official Opening of the Rice Harvest in February was that the Federal Government would announce the release of R$ 90 million for use in supporting the marketing of rice by producers and cooperatives/industries, through the PEP and Pepro mechanisms, but the announcement was of R$ 70 million. Yesterday, Wednesday, the 15th, the Ministry of Agriculture finally confirmed the release of the resources to the National Supply Company (Conab) for this purpose to the president, Denis Nunes, and his board, in Brasília, but there was a new cut and it will be only R$ 56 million allocated (US$ 11.2 million). The cut, compared to the expectation, was of almost 40% of the capital. The release of the tenders is expected by next week and the auctions, at most in 15 days. That is, two months have passed since the announcement. There was the regulation, but there was no money to put it into practice. When it comes to government, at ...