Bloomberg News

Brazil Ministry Sets Minimum Price for Excess Orange Production

August 03, 2012

Brazil set a minimum price of 10.10 reais ($4.96) per 40.8-kilogram box of oranges in an attempt to help farmers sell excess production profitably.

The excess production will be sold through auctions, the Agriculture Ministry said in an e-mailed statement. Brazil wants to develop the domestic orange juice market, said Jose Carlos Vaz, the ministry’s executive secretary.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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