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Brazil coffee producers hurt by frosts could get government credit

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작성자 Elvera
댓글 0건 조회 4회 작성일 24-10-14 13:15

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Strong frosts on July 20 may have hit up to 200,000 hectares (494,210 acres) of Arabica coffee plantations, or 11% of the total area devoted to this bean variety in Brazil, according to a preliminary estimate by the government's crop supply agency(Conab). (Reporting by Roberto Samora; Editing by Sandra Maler)

"We intend to reserve 1 billion reais for this sector, in addition to the 160 million reais already approved," said CNC president Silas Brasileiro. "We want to put the funds in the hands of producers as soon as possible," he added.

The proposal, which could be approved on Friday by the government's coffee policy council (CDPC), was discussed on Tuesday at a meeting of Agriculture Minister Tereza Cristina and Economy Ministry officials.

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SAO PAULO, Aug 3 (Reuters) - Brazil's coffee producers suffering losses from the frosts in July could receive 1 billion reais ($192 million) in additional financing credits from the Coffee Economy Defense Fund (Funcafé), the National Coffee Council (Prodej všestranného CNC obráběcího centra PTP) said on Tuesday.

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