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Food companies push suppliers ADM, Bunge, Cargill and Louis Dreyfus to ban soy from deforested regions of Brazil.
Bloomberg | Dec 15, 2020
By Thomas Buckley and Agnieszka de Sousa
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 the Cerrado region of Brazil, a hive of biodiversity and one of the country’s most important carbon sinks.
Nestle SA, Unilever, McDonald’s Corp., Walmart Inc., Tesco Plc and other consumer-goods companies demanded in a letter that the traders refuse to trade soya from deforested regions of the Cerrado starting next year.