top of page
Writer's pictureIpasai News

Minimum Prices for Summer Crop Updated

prices for summer crop

The updated minimum prices for summer crop products and regional cultures were published in the Official Gazette of the Union (DOU) on Tuesday (16). These new values, detailed in Ministry of Agriculture and Livestock (Mapa) Ordinance No. 700, apply to the 2024/25 and 2025 harvests. The minimum prices are set by the National Monetary Council (CMN) based on proposals from the National Supply Company (Conab) submitted to Mapa. In preparing these proposals, Conab considers factors such as variable production costs and other market conditions.


The adjustments in the current table range from -11.86% (for soybeans, 60Kg sack, nationally) to 14.71% (for cocoa beans grown in the Midwest and North). For rice (long fine in husk and long in husk), the variation ranges from 5% to 10%. In the South (except Paraná), the variation is 5%, while for the Midwest, Northeast, North, Southeast, and Paraná, it is 10%.


Public Policy :

The Minimum Price Guarantee Policy (PGPM) aims to reduce income volatility for rural producers and ensure a minimum income, effectively functioning as price insurance for producers.


By encouraging farmers to produce, the policy also promotes the regularity of national supply. Within the scope of PGPM, if the market price of a product falls below the minimum, the government, through Conab, acts to guarantee a minimum remuneration for the producer while stimulating a market price reaction.

Comments


Commenting has been turned off.
bottom of page