The National Monetary Council (CMN) approved on Thursday (26/03) the increase of resources for the costing and marketing of coffee funded by the Fund for the Defense of the Coffee Economy (Funcaf) this year by 12.5% in relation to 2019 , to 5.7 billion, this year.
The CMN meeting took place virtually at 3 pm today. It was the collegiate's only decision, according to the advice of the Ministry of Economy. The head of the portfolio and president of CMN, Minister Paulo Guedes, has been dispatching virtually in Rio de Janeiro since Monday. He just had that appointment on the official agenda.
Following is the distribution of values for the financing lines of the coffee sector released by the Ministry of Economy:
I – Costing operations: up to R $ 1.6 billion;
II – Commercialization operations: up to R $ 2.3 billion;
III – Financing for Acquisition of Coffee (Fac): up to R $ 1.15 billion;
IV – Financing of Option and Operations Contracts in Futures Markets: R $ 0.00;
V – Financing for the Recovery of Damaged Coffee Plants: up to R $ 10 million; and
VI – Working Capital Financing for Production Cooperatives and for the Soluble Coffee and Coffee Roasting Industry: up to R $ 650 million.