Brazil Soy Firms Commit To Zero Deforestation From 2020

Brazilian soy traders CJ Selecta, Caramuru and Imcopa have committed to zero deforestation in their respective supply chains, adding pressure on larger traders to accelerate environmental commitments.

Their pledge involves a ban on trading soy grown on land deforested after August 2020 in all of Brazil, going beyond a previous agreements among traders that only applied to the Amazon rainforest.

Their commitment is the first of its kind for Brazilian soy suppliers, putting pressure on larger players such as Cargill and Bunge, which exported 5.6 million tonnes of soymeal last year, representing 23% of the total, shipping data show.

ESM