Brazil halts corn and soybean import duties
April 21, 2021 IARN — The Brazilian Agriculture Ministry has temporarily halted import duties on corn, soybeans, soybean oil and soybean meal until the end of the year. Allendale commodity broker Greg McBride tells the Iowa Agribusiness Radio Network that Brazil is trying to slow inflation fanned by rising global commodity prices. “Global prices continue to rise,” McBride said. “That’s putting a negative spin to things domestically for their internal use. They are making it so that if farmers or these bigger groups need to bring in soybeans or corn, they are suspending those taxes ...
Source: kiwaradio.com