Conab, the Brazilian crop supply agency lifted its forecast for the second-season corn crop by some 2.5m tons, citing good weather. Conab forecast the Brazilian safrinha crop, which is sown after soybeans are harvested, up 44% year-on-year, to 58.59m tons. This compares to the 56.10m tons Cobab forecast in January.
As of 13 February 2017, yellow fever virus transmission continues to expand towards the Atlantic coast of Brazil in areas not deemed to be at risk for yellow fever transmission prior to the revised risk assessment published by WHO in the Disease Outbreak News of 27 January 2017, and supported by the scientific and technical advisory group on geographical yellow fever risk mapping (GRYF).
A Brazilian judge reinstated the nomination of a top ally of President Michel Temer to a ministerial post, but ruled he could not receive the legal protections other high-ranking politicians enjoy.
The Brazilian real gained on Tuesday to its strongest level in more than a year and a half, following a rise in capital inflows and after the central bank resumed currency intervention following a two-week pause. The real firmed 0.45% to 3.096 real per dollar, its strongest showing since July 2015.
Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”
Brazil's Agriculture Minister Blairo Maggi said on Monday he has asked the country's Foreign Trade Chamber (Camex) for authorization to open robusta coffee imports at near zero tariff, according to the ministry.
A Brazilian judge censored articles in two respected and influential newspapers, Folha de Sao Paulo and O'Globo, which reported on an extortion attempt suffered by the First Lady Marcela Temer last year. Both newspapers anticipated they will be appealing the ruling.
Brazilian President Michel Temer on Monday denied suggestions that he is trying to protect a minister implicated in a corruption scandal. Temer is under fire in the media and judiciary for controversially naming his close adviser Wellington Moreira Franco to a cabinet-level position.
Children returned to school and most public transport began operating again Monday in the Brazilian state of Espirito Santo state, which had been paralyzed by a protest that prevented military police from patrolling. Amid fears a similar protest could erupt in the days before Carnival, the Brazilian government announced it would deploy troops to police the state of Rio de Janeiro.
More than 1,200 military police returned to patrols in Espirito Santo on Sunday as the n Brazilian state inched toward normalcy after a protest left a security vacuum that fueled a crime wave. Schools in the state (north of Rio de Janeiro) are scheduled to reopen Monday and public transport will resume a full schedule, the president's office said on Twitter.