Brazilian Olive Oil Producers Demand Compensation Over Import Tariff Exemption

Brazilian olive oil producers are seeking government compensation following the recent decision by the Foreign Trade Chamber (Camex) to exempt imported olive oil from import duties. Until now, imported olive oil was subject to a 9% tariff.

Renato Fernandes, president of the Brazilian Olive Growing Institute (Ibraoliva), clarified that domestic producers are not necessarily opposed to lowering import tariffs on olive oil. However, they argue that Brazilian olive growers should receive equal treatment, as they do not have the same access to export markets, such as Europe.

According to Fernandes, the plan is to form a coalition of federal lawmakers to facilitate a meeting with Agriculture and Livestock Minister Carlos Fávaro in Brasília. “I believe we will receive a response soon regarding this request to address the issue of tariff reductions on imported products,” he added.

The Ibraoliva president emphasized that cutting import tariffs discourages domestic industry. “Now, imports of olive oil are being incentivized without even undergoing effective inspection. Meanwhile, Brazilian olive oil faces steep tariffs in key consumer markets,” he noted.

According to Ibraoliva data, Brazil produces approximately 750,000 liters of olive oil annually, while domestic consumption hovers around 100 million liters. In other words, more than 99% of the olive oil sold in the country comes from foreign suppliers.

Source: Globo Rural

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