Brazil Ag Minister calls for delay on duty decision
The new Brazilian Minister of Agriculture, Wagner Rossi, has called for a delay on a decision to ratify a new anti-dumping import duty on Chinese glyphosate herbicide, national media report. Brazilian Ministers making up the chamber of foreign trade, the CAMEX, recently proposed a new duty. That was a 2.1% duty on an index price of $3.60 per kg to replace the current 2.1% charge ( Agrow No 587, p 19). The proposal would amount to a flat fee of around $0.08 per kg on any price up to $3.60 per kg, while for any price above that, the duty of 2.1% would be charged on the actual price. Monsanto has reportedly lobbied for a higher duty, while importers and farmers want it lifted. Dr Rossi made the call at his first appearance at the CAMEX since he took over his new post, business newswire Valor Economico reports. He became Minister of Agriculture last month (see this issue).