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BNDES, Brazil's state development bank, approved a BRL 133.2 million credit line to Coopavel, a large Paraná grain and protein cooperative (~8,200 members, ~7,700 direct employees, BRL 6.3 billion 2025 revenue). The financing blends two subsidized-credit instruments under the federal Plano Safra agricultural-credit program: the PCA (warehouse construction/expansion program) and Prodecoop (cooperative development program). Total project cost is BRL 144.3 million, so BNDES is covering roughly 92% of the capital need at below-market Plano Safra rates — a classic directed agro-industrial subsidy rather than commercial lending.
Proceeds fund two new grain-receiving and input-sale units — Santo Izidoro (Três Barras) at ~7,600 t storage / 5,000 t/day throughput, and Nova União (Céu Azul) at 12,000 t storage / 5,000 t/day throughput — plus modernization of Coopavel's poultry/swine processing plants (feed-ration output rising from 630k to 690k t/year), a new packaging factory (labels, bags, cardboard, plastic containers), expanded water intake/treatment infrastructure, and a new solid-waste sorting center at the Coopavel Technological Center.
concessional credit (PCA/Prodecoop) to build out Brazil's grain storage and agro-processing capacity ahead of harvest peaks — a recurring IPTM signal from this issuer (see responds_to-eligible sibling filings for other BNDES agribusiness loans in this register).
incremental storage capacity reduces on-farm bottlenecks during harvest and modestly supports export throughput timing.
as of filing; later reporting (2026) references a distinct BRL 79.9m disbursement tranche for the same or an adjacent Coopavel storage project — worth reconciling if a clear amendment trail emerges.