Grains traders challenge new export tax in Brazil court-February 2024-www.financetom.com

Grains traders challenge new export tax in Brazil court

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Grains traders challenge new export tax in Brazil court

Feb 21, 2025 7:12 AM

SAO PAULO, Feb 21 (Reuters) - Brazilian grain traders

association Abiove is challenging a new state law imposing a

1.8% levy on grain exports from Maranhao that will take effect

next week, Abiove head Andre Nassar told Reuters in an

interview.

Abiove, which represents global grains merchants including

ADM, Bunge, Cargill, and Louis Dreyfus, filed a

suit against the levy on Thursday, he said.

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