Brazil subsidizes its wheat farmers

Brazil wants to financially support his wheat producers, after the prices are addicted to an expected record harvest of 6.3 million tons this year. Local prices have fallen below the intervention level, resulting in that sold 1.7 million tons of wheat at subsidized prices to the national food industry.
Brazil is a net importer for 6 million tons of wheat, this subsidy program to keep farmers in low price years at the bar, so that no more wheat imports are necessary.

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