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EMERGING MARKETS-Latam currencies rise, Brazilian real up for sixth day

    * Crude prices lift Colombian peso
    * Mexican stocks stay at near 3.5 year high
    * Brazil's Marfrig jumps on moving closer to BRF offer  

 (Adds comments, bullets, details, updates prices throughout)
    By Susan Mathew and Shreyashi Sanyal
    June 2 (Reuters) - Rising oil prices lifted crude exporter
Colombia's peso to a five-week high on Wednesday, while Brazil's
real extended gains to a sixth session and stocks hit record
highs on economic growth prospects.
    The real was up 1.4% and the Bovespa stock index
 extended gains to a sixth straight session and hit an
all-time high of 128,620.25.
    The real had rallied 1.3% on Tuesday when data showing
faster-than-expected growth in the first quarter saw Goldman
Sachs, BNP Paribas and Citi raise their 2021 growth forecasts
above 5%. 
    "Most believe that the recent revisions to growth and
inflation (in Brazil), and the better fiscal number will
overshadow incipient political stories," strategists at Citi
wrote in a client note. 
    "This environment remains supportive to have some risk
exposure to Brazil."
    But the drought in Brazil is affecting inflation as it
affects food prices, central bank head Roberto Campos Neto said
on Wednesday, adding that climate change has been influencing
central bank mandates and monetary policy.
    Meanwhile, industrial production in Brazil fell in April for
a third consecutive month, figures showed, a surprise drop
showing a deeper than expected impact of the COVID-19 pandemic. 
    Colombia's peso rose 0.5% as oil rose, supported by
an OPEC+ decision to stick to its plan to restore supply to the
market gradually and by the slow pace of nuclear talks between
Iran and the United States.
    In the world's second-largest copper producer Peru,
socialist presidential candidate Pedro Castillo is taking aim at
copper mining firms' coveted tax stability agreements that
freeze tariffs, accusing mining firms of plundering Peru's
wealth.
    Mexico's peso rose 0.4%. Mexican President Andres
Manuel Lopez Obrador's leftist National Regeneration Movement
(MORENA) and its allies should comfortably defend their majority
in the lower house of Congress in mid-term elections on June 6,
an opinion poll showed on Wednesday. 
    A super majority by the ruling party would make it easier
for it to pass less market-friendly reforms. 
    Marfrig Global Foods jumped 3.4% as a source told
Reuters the Brazilian beef producer is increasing its stake in
food processor BRF SA to up to 30%, putting the buyer
close to the threshold where it would have to make a public
tender for all the company's outstanding shares. 
    Mexico's Ipc index stayed at highs last seen in
January 2018, while Colombia's COLCAP rose half a
percent.  
    Key Latin American stock indexes and currencies at 1912 GMT:
    
          Stock indexes                   Latest    Daily %
                                                    change
 MSCI Emerging Markets                     1389.75    -0.08
 MSCI LatAm                                2654.86     1.52
 Brazil Bovespa                          129459.86     0.93
 Mexico IPC                               50814.94     0.18
 Chile IPSA                                4370.87    -0.57
 Argentina MerVal                         62416.59    2.162
 Colombia COLCAP                           1235.61     1.02
                                                           
              Currencies                  Latest    Daily %
                                                    change
 Brazil real                                5.0869     1.37
 Mexico peso                               19.9009     0.32
 Chile peso                                  718.2     1.35
 Colombia peso                             3651.25     0.35
 Peru sol                                   3.8198     1.10
 Argentina peso (interbank)                94.7700    -0.03
                                                    
 Argentina peso (parallel)                     153     1.31
                                                    
 
 (Reporting by Susan Mathew and Shreyashi Sanyal in Bengaluru
Editing by David Holmes and Nick Zieminski)
  
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