Day: April 22, 2020

Brazil delays 2020 energy auctions due to Coronavirus

In Brazil, the Coronavirus crisis has resulted in a delay in the country’s energy generation and transmission auctions (the A-4 and A-6 auctions) that were scheduled for May 2020. This means Brazil’s three-year energy plan has been disrupted and the Ministry of Mines and Energy will have to rework the strategy.

Sao Paulo preparing plan for phased economic opening after quarantine

A phased plan to reopen Sao Paulo’s economy should be announced today (Wednesday 22 April) by the state government, to be implemented as of May 11th. When the quarantine was extended last week, the Covid-19 Crisis Management Committee began to focus on a plan to determine which sectors and which regions of the State of São Paulo could gradually return to operation.

Brazil soybean exports up 28% in April so far

Brazil exported 9.16 million mt of soybeans in the first three weeks of April, up 28% month on month, according to a report by the Brazilian foreign trade department. Shipments from Brazil rose 14% year on year to 18 million mt in the first quarter of 2020, with almost 74% of them going to China, the trade department said. Analysts said Brazil could export over 12 million mt of soybeans in April.