Brazil

• [New] Going forward, Brazil is expected to continue expanding its soybean production as a result of increased planted area and improvements on yields.
• [New] In orange juice, Brazil remains the world leader with 80% of global exports, with volumes expected to remain at around 850 thousand tonnes in FCOJ equivalent in coming years.
• [New] As long as the Federal Reserve does not raise interest rates, foreign exchange investors can find good opportunities in Latin American foreign exchange markets especially in Mexico and Brazil.
• [New] The shift in favor of Mexico has been further supported by the COVID-19 situation in Brazil where deaths are expected to soon surpass the worst of a record wave in the United States in January.
• [New] The Amazon, where rapid deforestation encouraged by Brazilian President Jair Bolsonaro prompted Joe Biden, during his presidential campaign, to propose a $20 billion rescue plan and threaten the Brazilian leader with economic sanctions.
• [New] Increasing construction spending, particularly in emerging markets such as Brazil, China, India, Mexico, Russia, and South Africa is expected to drive product demand.
• [New] As soon as next week, Brazil may break the record US seven-day average for deaths, forecasts the Institute for Health Metrics and Evaluation at the University of Washington.
• [New] The iron ore price is likely to remain above US$ 100/tonne through 2021 before easing to just over US$75 at the end of 2022, supported by robust demand in China and supply constraints from Brazil.
• [New] Jaguar Mining, a Canadian gold producer and explorer in Brazil, said it expects production to be disrupted due to a surge in COVID cases limiting contractors.
• [New] The total truck production volumes for South America region will touch 109,000 units in CY 2021 out of which, manufacturers in Brazil are expected to produce 103,000 trucks.
• [New] Almost three-quarters of respondents said they expect spreads in hard-currency emerging market debt to tighten in the coming year, with Mexico, Ukraine and Brazil offering the highest return potential.
• Variants in the UK, South Africa and Brazil all feature spike-protein changes that heighten the risk of the virus spreading from person to person.
• Experts fear new variants of COVID-19 from South Africa and Brazil may be resistant to existing vaccines and treatment.
• In terms of revenue, Brazil is expected to hold a significant share of the aviation warning lights market in South America throughout the forecast period.
• While price spikes are likely as a result of disruptions due to extreme weather in the two main supply regions of Western Australia and Brazil, the longer term outlook for the iron ore price is squarely in double digits.
• Countries within a longitude of -50 to -100 like Brazil, developed countries like United States and dense countries such as India were predicted to have a greater diversity of emerging diseases.
• Vaccines will not be as effective at preventing infection from the SARS-Co-V-2 B. 1.351 variant that emerged in South Africa or the P. 1 variant that emerged in Brazil, or future variants.
• Production of Arabica beans by top exporter Brazil is expected to drop by about a third in the 2021-22 season amid dry weather, adding to lower-than-expected output forecasts from Central America.
• Countries including Brazil, Mexico and South Africa - which account for a third of global GDP and about 40% of the world's urban population - could cut annual emissions in key urban sectors by up to 96% more than current plans by 2050, by investing in low-carbon initiatives.
• Most of the deepwater growth will be in North and South America, - especially in Brazil, Guyana and Mexico.

Last updated: 13 April 2021