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Brazil: Government authorises CONAB to hold wheat auctions in the event of a price fall

Description

On November 4, 2016, the Brazilian Ministry of Agriculture authorised the CONAB (the national supply company) to hold wheat auctions in the event of a price fall below BRL 644.17 (USD 205.48) per tonn...

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Intervention Details

Intervention Type

Price stabilisation

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Nov 2016

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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