Brazil Dams Seen Getting Little Rain as Dry Season Looms
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Brazilian hydro-power dams and crops are forecast to get below-average rain this month as low water levels push up electricity prices and coffee rallies on concern dryness will hurt output of the world’s top exporter.
The southeastern region, where most of the country’s large power dams are located, probably will receive only 40 percent of the rain that usually falls this month after getting just 27 percent of the historical average in January, said Celso Oliveira, a meteorologist at weather forecaster Somar Meteorologia. Showers in March won’t be enough to offset the damage before the April-September dry season starts, he said.