Brazil meat lobby says tariff waiver allows cheaper U S , Ukraine corn imports reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
4/20/2021
By Ana Mano
SAO PAULO, April 20 (Reuters) - Brazil s decision to suspend
grain import tariffs temporarily is likely to benefit the United
States and Ukraine, whose producers could sell products like
corn for use as feed in Brazil, the leader of a Brazilian meat
lobby group told Reuters on Tuesday.
The government on Monday announced that it would waive
import duties from supplies outside the South American Mercosur
trade bloc, in response to a direct request from meat
association ABPA, its President Ricardo Santin said. The
industry is seeking alternative corn providers given the high
prices of the cereal in the domestic market, he added.
Bunge s bid to extend Brazil grains port deal blocked by injunction Reuters 4 hrs ago
SAO PAULO, April 14 (Reuters) - A bid by agricultural commodities trader Bunge to extend its dominant role at a strategic Brazilian port s public terminal for two years has been blocked by a temporary court decision, according to documents seen by Reuters.
The decision is the latest twist in a long-running dispute between Bunge s port agent Litoral Soluções and rivals who complain it has been granted a virtual monopoly at the public terminal, which sits adjacent to two private terminals, one owned by Bunge itself and another by a local unit of Japan s Marubeni called Terlogs.
Brazilian beef-packers are halting production in selected locations, as a rise in costs that cannot be passed through to consumer prices have their squeezed margins, sources and industry representatives told Reuters.