Food & Inflation Watch: Brazil’s May inflation eased to 0.58% month-on-month, but food prices drove half the increase, keeping the 12-month rate at 4.72% above the government’s tolerance band—another reminder that household budgets are still under pressure. Energy-to-Food Pressure: With oil prices near $100 a barrel after Iran-related supply disruptions, experts warn biofuel demand could surge, tightening the link between fuel policy and food costs as countries including Brazil expand blending mandates. Amazon Fund Momentum: Brazil’s Amazon Fund says it has quadrupled its annual project approval rate since 2023, approving 153 projects and channeling donations of BRL 5.3 billion toward deforestation prevention and restoration. Digital Trade & Sovereignty: The EU and Brazil signed a Digital Partnership in Brasília covering data governance, AI, digital infrastructure, connectivity, and online platforms—aimed at reducing tech dependence and boosting cooperation. Agri-Inputs Supply: Brazil is looking to Guyana as a fertiliser source, after noting it imports most fertiliser used in agriculture—an effort to reduce vulnerability in a volatile global inputs market. Aviation & Security: The U.S. approved a possible $330m sale of FIM-92K Stinger missiles to Brazil, strengthening mobile air defense for remote border regions.