Grains traders challenge new export tax in Brazil court

Reuters

02/21

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 ADM.N, Bunge BG.N, Cargill, and Louis Dreyfus, filed a suit against the levy on Thursday, he said.

(Reporting by Ana Mano)

((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.thomsonreuters.com@reuters.net))

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Abiove, which represents global grains merchants including ADM ADM.N, Bunge BG.N, Cargill, and Louis Dreyfus, filed a suit against the levy on Thursday, he said. (Reporting by Ana Mano) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.thomsonreuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}