Big Food Companies Urge Soy Traders to Help Save Brazil Savanna

The largest savanna in South America, the Cerrado currently produces about 60% of all soybeans in Brazil - the world’s No.1 exporter of the oilseed that is crushed to make animal feed and cooking oil.

RIO DE JANEIRO, BRAZIL - (Reuters) A group of international companies including Tesco, Walmart, Unilever and McDonald’s on Tuesday urged major commodities traders to stop supplying soy linked to deforestation from Brazil’s Cerrado, a vast savanna region and vital carbon storehouse.

The group of 163 companies, signatories of the Cerrado Manifesto Statement of Support, said it wrote to Archer Daniels Midland Co (ADM), Bunge Ltd, Louis Dreyfus Company (LDC), Cargill Inc, COFCO International and Glencore in November to request they stop sourcing soy, directly or indirectly, from areas cleared in the Cerrado after 2020.

None of the traders agreed . . .

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