
Brazilian authorities said they had smashed a ring of narco-traffickers said to have shipped drugs hidden in frozen fish to Europe. Eleven members of the drug and money laundering network, based in Brazil and with connections in Colombia, Portugal and Spain were arrested between last Friday and Tuesday and 5 million dollars worth of goods seized, prosecutors said.

Brazilian President Dilma Rousseff signed into law on Wednesday new regulations to make its ports more efficient and attract up to 12 billion dollars in investments as the country finally begins to tackle logistics bottlenecks hampering vast farm exports.

Argentina expropriated a cargo railway concession from Brazil’s All America Latina Logistica, ALL, and a tourist train concession, citing non-compliance with contractual agreements. ALL operated the railways between Mendoza province and the Rosario port as well as the railway between Misiones province and the Buenos Aires port since 1999.

The Brazilian government announced that it is increasing the farm budget, including funds for subsidized loans by 18% to 136 billion Reais (approx 68 billion-dollars) mainly for improving the country’s insufficient storage capacity and new silos.

The Russian veterinary and phytosanitary service, Rosselkhoznadzor, temporarily suspended imports from two Brazilian beef slaughterhouses and one poultry processing facility on May 17, citing detection of listeria in shipments, according to processors involved.

Brazil will scrap a tax on foreign investments in local debt, a surprise move that could help stop a sharp depreciation of the country's currency which lost 7.6% in the past three months and that threatens to stoke already high inflation in Latin America's largest economy.

Lawmakers from the Brazilian farm state of Mato Grosso do Sul asked President Dilma Rousseff's government to send troops to end land invasions by Indigenous people claiming their ancestral territory.

Brazil will pour 6.1 billion Reais (2.85 billion dollar) to fund renewable-power and bio-fuel technology research, accelerating its efforts to modernize its energy industry and shift away from a commodity-export based economy.

Brazilian President Dilma Rousseff announced this week plans to strengthen the fight against cross-border organized crime by equipping state and local governments with high-tech scanners and surveillance equipment.

Millions gathered on Sunday in Sao Paulo, Brazil to take part in one of the largest parades in the world. According to the organizers, 3.5 million people attended the parade and the festivities that followed.