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Received — 9 April 2026 ⏭ MercoPress
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FAO food commodities prices up in March; concern with energy and fertilizer costs

9 April 2026 at 07:13

FAO Chief Economist Torero said “if the conflict stretches beyond 40 days farmers will have to choose: farm the same with fewer inputs, plant less, or switch to less intensive fertilizer crops”. World food commodity prices rose in March for the second month in a row, due largely to higher energy prices linked to the conflict escalation in the Near East, according to the latest benchmark measure released by the Food and Agriculture Organization of the United Nations (FAO).

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  • Brazilian judge suspends 12% crude oil export tax for five international oil companies
    A federal judge in Rio de Janeiro issued a preliminary injunction suspending the 12% crude oil export tax for five international companies operating in Brazil: Shell, TotalEnergies, Equinor, Repsol Sinopec and Petrogal. The ruling represents an initial court victory for the oil companies in their dispute with President Luiz Inácio Lula da Silva's government over a levy they consider unconstitutional.
     
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✇MercoPress

Brazilian judge suspends 12% crude oil export tax for five international oil companies

9 April 2026 at 01:08

Judge Humberto de Vasconcelos Sampaio ruled that the sudden imposition of the 12% rate amounts in practice to the creation of a new tax burden with a “merely revenue-raising” purpose A federal judge in Rio de Janeiro issued a preliminary injunction suspending the 12% crude oil export tax for five international companies operating in Brazil: Shell, TotalEnergies, Equinor, Repsol Sinopec and Petrogal. The ruling represents an initial court victory for the oil companies in their dispute with President Luiz Inácio Lula da Silva's government over a levy they consider unconstitutional.

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