Brazil suspending tariffs on corn and soy until 2021Christian Fernsby ▼ | October 19, 2020
Brazil will suspend tariffs on corn and soy imports from countries outside the Mercosur trade bloc until early next year, the economy ministry said.
Brazil The decision to remove the tariffs temporarily was taken
Soybean meal and soy oil imports will also be exempt along with soy imports until Jan. 15, 2021, while corn imports will cease paying the tariffs until March 31, 2021, the ministry said in a statement.
“Both measures are aimed at containing high prices for food,” the ministry said. ■