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UPDATE 1-Brazil soy firms commit to zero deforestation from 2020

Ana Mano (Adds Bunge’s statement) SAO PAULO, Jan 15 (Reuters) - 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. Patricia Sugui, CJ Selecta’s sustainability manager, said the three are part of a group promoting soy sustainability, adding the move to eradicate deforestation from supply chains immediately “is an answer to demands of civil society.” The three companies mostly supply Norway’s salmon industry.

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