Brazilian officials ditched expectations of a tumble in wheat imports to a multi-year low after a surprisingly strong finish to 2016 for buy-ins, encouraged by a recovery in the real and state purchases of domestic supplies. Conab - which a month ago slashed its forecast for Brazil's wheat imports in 2016-17 [on an August-to-July basis] to 5.10m tonnes, the lowest since at least the mid-1990s – this week revised its forecast sharply upwards, to 5.95m tonnes.1 comment
Petrobras’ average oil production in Brazil in 2016 went up 0.75% in comparison to the previous year and reached 2,144,256 barrels per day. According to the company, the result was in line with the established target of 2.145 million and represents an annual all-time high.1 comment
Brazilian prosecutors on Thursday filed corruption charges against Decal do Brasil co-founder Mariano Marcondes Ferraz, accusing him of bribing a former executive at state-run oil company Petrobras to win contracts for Ferraz's own firm.1 comment
Former Brazilian President Lula da Silva, confirmed Wednesday that “he is preparing” to run for the presidency in 2018, should it “be necessary.”5 comments
Brazil's inflation finished 2016 within the official target range, government data showed on Wednesday. Consumer prices rose 6.29% last year slowing from an increase of 10.67% in 2015 and below the 6.5% ceiling of the official goal.5 comments
The Brazilian government’s national secretary of youth has resigned after celebrating the deaths of inmates killed in prison uprisings. Youth Secretary Bruno Julio resigned Friday.13 comments
Brazil saw a record number of international tourists in 2016, boosted by the first Olympic Games held in South America, official data showed on Wednesday. A total 6.6 million international travelers visited Brazil last year, the tourism ministry said, 4.8% higher than the year before.
Rain showers forecast for this week should benefit soybean crops across Brazil and should not be heavy enough to hamper harvesting of the first shipments of the 2016-17 season, meteorologists said on Tuesday.
A prison riot has left at least 56 dead, with decapitated bodies thrown over prison walls in the bloodiest violence in more than two decades in Brazil’s overcrowded penitentiary system, officials in the Amazon city of Manaus said on Monday.
Brazil's Vale, the world’s largest iron ore and nickel miner said on Monday it will sell most of its fertilizer business to US-based Mosaic Co., the No.1 producer of phosphate fertilizer, in a deal worth about US$2.5 billion.