Brazil: Tomato, passion fruit and jute, malva from north-northeast enter PGPAF bonus product list

Published 2021년 10월 8일

Tridge summary

The Price Guarantee Program for Family Farming (PGPAF) in Brazil has introduced bonuses for tomatoes from Piauí and Sergipe, passion fruit from Alagoas, and dolled jute/malva from Amazonas due to low market prices. The bonus amount is determined by the National Supply Company (Conab) and is based on September prices. This is an effort to compensate farmers for prices below the program's guarantee value. The PGPAF currently covers a variety of products, with some being removed and added back as market conditions change. These bonuses are subtracted from the Pronaf financing given to the producers, making it an automatic discount for them.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Added to the list of products entitled to bonuses from the Price Guarantee Program for Family Farming (PGPAF) this month were tomatoes from the states of Piauí and Sergipe, passion fruit from Alagoas, and dolled jute/malva from Amazonas . The calculation of the bonus is made by the National Supply Company (Conab), based on the prices received by producers in September, valid for the period from October 10th to November 9th, according to the list released this Friday (8th). ) in the Diário Oficial da União. The products were included in the list due to the low price in the market, especially for tomatoes, which benefited from the rainy weather of the northeastern winter, which helped to increase production. Competition from other states' crops may also have contributed to the drop in prices. Tomato farmers in Piauí and Sergipe will receive a guarantee bonus of 32.38% and 14.29%, respectively, based on a respective average market value of R$0.71 and R$0.90 per kilogram. The passion ...
Source: Conab

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