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.
Lockdowns have ravaged the incomes of Brazil’s poor, throwing many of Brazil’s 38 million informal workers into unemployment. “We have more than 30 million informal workers in Brazil that were thrown into extreme poverty overnight because they can’t work during quarantine,” said Kiko Afonso, executive director of Citizens’ Action.
There is a near-unanimous belief among economists that the benefit for the unemployed, the self-employed, and casual workers is crucial to prevent the collapse of millions of families.
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 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.