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MY 17/18 corn production is estimated lower at 83 MMT, due to late-planted safrinha corn, reduced crop inputs, and dry conditions in some states.
The production of sesame and soybeans is forecast to climb in MY18/19 (Oct-Sep), while Niger seed production is expected to remain unchanged.
On May 21, 2018, hundreds of thousands of Brazil’s nearly 2 million truck drivers began an 11-day strike to protest high diesel prices, a move that slowed Brazil’s economy....
Brazil has finally overcome the worst recession in its history. In 2017, the retail sector responded positively, expanding 0.8 percent.