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The Latest Breaking News from Brazil

Forecasts for Rain in Brazil Weigh on Coffee Prices

Dec arabica coffee (KCZ23 ) on Friday closed down -3.70 (-2.39%), and Nov ICE robusta coffee (RMX23 ) closed down -3 (-0.12%). Coffee prices Friday posted moderate losses, with arabica falling to a 1-week low. Forecasts for rain in Brazil have eased drought concerns and sparked long liquidation in coffee...

Barchart

Ice pops cool down monkeys in Brazil at a Rio zoo during a rare winter heat wave

Animals at a zoo in Rio de Janeiro have been getting cold treats to cool them down during a rare winter heat wave

The Independent UK

Arabica Coffee Prices Fall Back on Forecasts for Rain in Brazil

Dec arabica coffee (KCZ23 ) this morning is down -4.10 (-2.65%), and Nov ICE robusta coffee (RMX23 ) is up +2 (+0.08%). Coffee prices this morning are mixed, with arabica falling to a 1-week low. Forecasts for rain in Brazil have eased drought concerns and sparked long liquidation in coffee...

Barchart

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Brazil's top court opens vote on decriminalizing abortion up to 12th week of pregnancy

Brazil’s top court is deciding whether abortion up to the 12th week of pregnancy will be decriminalized nationwide

The Independent UK

Brazil strengthens climate goals, targets 48% lower emissions by 2025

Brazil is expected to announce revised climate targets this week, as President Luiz Inacio Lula da Silva strengthens a prior pledge made by his predecessor Jair Bolsonaro

The Hindu

Brazil's Bolsonaro denies proposing coup to military leaders

Former Brazilian President Jair Bolsonaro is denying a report claiming he consulted with top military leaders on staging a coup to stop Luiz Inácio Lula da Silva from assuming the presidency last January

The Independent UK

Tears of joy after Brazil's Supreme Court makes milestone ruling on Indigenous lands

Indigenous people in Brazil are celebrating after the country's Supreme Court ruled to enshrine their land rights

The Independent UK

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Brazil’s firefighters battle wildfires raging during rare late-winter heat wave

Brazil's firefighters in the northeastern state of Bahia are battling wildfires, fanned by strong winds and abnormally high temperatures for the season

The Independent UK

Brazil supreme court rules in favor of Indigenous land rights in historic win

Court voted against agribusiness-backed attempt to prevent communities claiming land they did not physically occupy in 1988

The Guardian - US

Brazil court rules for indigenous land rights in key case

A lopsided majority of Brazil's Supreme Court ruled Thursday against an effort to restrict native peoples' rights to protected reservations on their ancestral lands, in a win for indigenous activists and climate campaigners.

Radio France Internationale

Bolsonaro met with army, navy and air force heads to discuss coup – reports

Claims by former Brazilian president’s ex-secretary prompt calls for alleged rightwing conspirators to be brought to justice

The Guardian - US

Coffee Prices Retreat as Sentiment Sours Toward Risk Assets

Dec arabica coffee (KCZ23 ) on Thursday closed down -3.35 (-2.12%), and Nov ICE robusta coffee (RMX23 ) closed down -44 (-1.75%). Coffee prices retreated Thursday on a broader selloff in risk assets after the Federal Reserve signaled higher interest rates for longer following Wednesday's FOMC meeting. Weakness in the...

Barchart

Sugar Gains on Fears India May Ban Sugar Exports

Oct NY world sugar #11 (SBV23 ) on Thursday closed +0.14 (+0.52%), and Dec London white sugar #5 (SWZ23 ) closed +6.30 (+0.87%). Sugar prices on Thursday closed moderately higher. Sugar prices garnered support Thursday on comments from the head of commodities at ED&F Man, who said India is unlikely...

Barchart

Coffee Prices Fall Amid a Broad Selloff in Risk Assets

Dec arabica coffee (KCZ23 ) this morning is down -3.10 (-1.96%), and Nov ICE robusta coffee (RMX23 ) is down -50 (-1.99%). Coffee prices are retreating today on a broader selloff in risk assets after the Federal Reserve signaled higher interest rates for longer following Wednesday's FOMC meeting. Weakness in...

Barchart

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Barchart

Weak Crude Oil Prices Spark Long Liquidation in Sugar Futures

Oct NY world sugar #11 (SBV23 ) on Wednesday closed -0.65 (-2.37%), and Dec London white sugar #5 (SWZ23 ) closed -13.50 (-1.82%). Sugar prices on Wednesday closed sharply lower after a -1% fall in crude oil prices sparked long liquidation pressures in sugar futures. Weaker crude prices undercut ethanol...

Barchart

Coffee Prices Close Lower as Supply Concerns Temporarily Ease

Dec arabica coffee (KCZ23 ) on Wednesday closed down -2.75 (-1.71%), and Nov ICE robusta coffee (RMX23 ) closed down -32 (-1.26%). Coffee prices on Wednesday posted moderate losses. Arabica prices came under pressure Wednesday after Conab, Brazil's crop forecasting agency, raised its 2023 Brazil arabica coffee crop estimate to...

The Guardian - UK

US and Brazil warn of attempt to stop Guatemala president-elect taking power

Fears Guatemalan democracy is in peril amid warning of potential coup to block inauguration of anti-corruption crusader

Fortune

Banco do Brasil CEO: ‘Brazil is responsible for half of the Amazon rainforest. Here’s how we’re finding the money to save it’

'Banks must seek to harmonize financial returns for shareholders with social and environmental advancements to reduce inequality,' writes Tarciana Medeiros.

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The Independent UK

Biden and Brazil's Lula meeting in New York to discuss labor, climate

President Joe Biden will meet his Brazilian counterpart Luiz Inácio Lula da Silva on Wednesday in New York

Barchart

Sugar Prices Rally Towards 12-Year Highs on Brazilian Weather Forecasts

Oct NY world sugar #11 (SBV23 ) on Tuesday closed +0.33 (+1.22%), and Dec London white sugar #5 (SWZ23 ) closed +4.10 (+0.56%). Sugar prices on Monday and Tuesday rallied back up towards last Friday's 12-year highs on forecasts for hot and dry weather in Brazil. Sugar prices were also...

Evening Standard

Gabriel Jesus reveals love for Champions League as Arsenal make long-awaited return

Brazilian striker is fit and raring to go from the start as Mikel Arteta’s Gunners host PSV Eindhoven first up in Group B

The Guardian - US

Brazilians applaud Lula’s return to diplomacy as he addresses UN general assembly

Relief in Brazil as Luiz Inácio Lula da Silva speaks at the UN after four chaotic years of rule by the far-right Jair Bolsonaro

Barchart

NY Coffee Prices Higher on Forecasts for Hot and Dry Brazilian Weather

Dec arabica coffee (KCZ23 ) today is up +1.85 (+1.16%) after posting a new 1-1/2 month high, while Nov ICE robusta coffee (RMX23 ) is down -1 (-0.04%). Coffee prices continue to see support from forecasts for hot and dry weather this week in Brazil's central and southeast areas. Also,...

Barchart

Is the US a Secondary Player in the Global Soybean Market?

Since the onset of the trade war between the United States and China, the global soybean market has seen a major shift in its key players.

The Guardian - UK

Coked-up caped crusader: how Hélio Oiticica liberated the art world with drugs, nests and hammocks

He co-founded Brazil’s Tropicália movement, fled fascism, pioneered immersive art in his flat, became a drug dealer and then died aged 42. Now his wild world is being rebuilt at the English seaside

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