National Monetary Council makes adjustments to the direction of Funcafé resources

The National Monetary Council (CMN) approved on Thursday (25/11) the reallocation of financing from the Coffee Economy Defense Fund (Funcafé) for the 2021 financial year.

Of the total of R$ 1,3 billion reserved to assist producers whose crops were affected by the frosts that occurred last July in the main coffee producing regions, after assistance from financial agents of R$ 654,4 million, a balance of R$ $664 million.

This amount will be distributed as follows:

• Costing operations: R$ 132,8 million
• Marketing operations: R$179,3 million
• Financing operations for coffee acquisition: R$159,3 million
• Working capital financing operations for the instant coffee industry, coffee roasting industry and production cooperatives: R$192,5 million

With the relocation approved by the CMN, Funcafé's other credit lines now have the following allocation of resources:

Costing operations will include values ​​of up to R$1,410 billion, marketing of up to R$1,946 billion, financing for the acquisition of coffee up to R$1,245 billion, working capital financing for the instant coffee industry, coffee roasting industry and production cooperatives up to R$695 million.

The redistribution of Fund resources was approved by the Coffee Policy Deliberative Council (CDPC).