Whey: Input can gain more space with a reduced import tax in Brazil

Published 2022년 8월 23일

Tridge summary

The Brazilian government has recently reduced the import taxes on seven products, including whey, to zero or 4% from September 1st. This decision aims to mitigate the impact of the Ukraine conflict on the South American economy. Despite this, it is uncertain if this will immediately reduce the high prices of long-life milk in the markets due to other factors such as logistics and fuel prices. Whey, marketed as an alternative to long-life milk, is expected to become more common in Brazilian markets in September. The reduction in import taxes could have implications for the national industry.

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

Original content

The sale in the markets of whey has taken over the discussion about the price of long-life milk in the last week. The input, which is a basic need for many Brazilians, has higher values than the fuel. In the last week, the Federal Government also reduced the whey import taxes, opening an alert for the national production of dairy products. Last Wednesday (17/08), the Management Executive Committee (Gecex) of the Chamber of Foreign Trade (Camex) reduced the rate of seven items on the Brazilian import agenda. Among the products is whey, which in recent days has gained social media by being marketed in Brazilian markets as an alternative to long-life milk, which has suffered from high prices. For Fábio Pizzamiglio, director of Efficienza, a company specialized in foreign trade, the government's proposal is positive. “The decrease in the import tax comes as a measure that follows Mercosur and seeks to reduce the impact of the conflict in Ukraine on the South American economy. However, ...

Source: Noticias