Brazil to drastically cut dairy imports from Mercosur and ease taxes to promote domestic production

Brazil to drastically cut dairy imports from Mercosur and ease taxes to promote domestic production

Brazil is planning to curb dairy imports from Mercosur countries. In the next few days, a decree will be published that will change the rules for tax benefits for dairies, agro-industrial companies, and cooperatives that participate in the Ministry of Agriculture’s milk program PMLS. The objective is to reduce tax incentives for companies that purchase dairy products from abroad.