Soy Traders Consider Ending Amazon Rainforest Protection

Major soy traders, including ADM, Bunge, Cargill, Cofco, and Amaggi, are considering ending the Amazon Soy Moratorium, a twenty-year-old agreement protecting the Amazon rainforest. This move is driven by the loss of tax breaks due to a new state law in Mato Grosso, Brazils top farming state. The moratorium, which banned soy purchases from deforested land, has saved millions of hectares of rainforest. If ended, it could lead to the loss of rainforest the size of Ireland to soy fields. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.