The Brazilian Government decided on Tuesday to cancel the import tariff of corns from Non-Mercosur countries, and provide convenience for corn import. In this year, the domestic corn supply is tense in Brazil.

The so-called Mercosur refers to the regional trade pact between South American countries including Brazil, Argentina, Uruguay, Venezuela and Paraguay. The Mercosur countries enjoy free-tariff policy for corns.

As said by CAMEX, the 8-10% tariff for imported corns in the next six months will be cancelled, for maximum amount of 1mt.