Press "Enter" to skip to content

Exclusive: Brazil’s Bolsonaro govt to keep truck freight table, will revise it

© Reuters. Brazil's President-elect Jair Bolsonaro reacts as he speaks to media at the Army Headquarters in Brasilia© Reuters. Brazil’s President-elect Jair Bolsonaro reacts as he speaks to media at the Army Headquarters in Brasilia

SAO PAULO (Reuters) – The incoming government of Brazil’s president-elect, Jair Bolsonaro, does not have plans to cancel a controversial table that sets minimum truck freight prices that has been heavily criticized by farmers and commodities traders.

Bolsonaro’s future infrastructure minister, Tarcisio Freitas, told Reuters on Friday that the government will revise the values in the table, but plans to enforce it. Freitas said the transition team is speaking with all parties involved in the truck freight issue with the aim of resolving it in the first month of the new government in January.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.