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Food Giants Seek Ban on Soy From Deforested Brazil Region


Food Giants Seek Ban on Soy From Deforested Brazil Region
Bloomberg
12/15/2020
Thomas Buckley, Agnieszka de Sousa and Tatiana Freitas
© Bloomberg
Soybeans are unloaded into a truck during a harvest in Santa Cruz do Rio Pardo, Sao Paulo state, Brazil, on Saturday, March 7, 2020. Soybean and corn futures slumped as the tumbling real boosted the allure of exports from crop giant Brazil, while coronavirus woes weighted on commodity markets.
(Bloomberg) Some of the world’s largest food companies and grocers urged commodity suppliers including Archer-Daniels-Midland Co., Bunge Ltd., Cargill Inc. and Louis Dreyfus Co. to stop trading soybeans associated with deforestation in Brazil’s Cerrado region, a savanna that is a hive of biodiversity and one of the country’s most important carbon sinks. ....

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