Soy traders renew forest-protection accord


Soy traders here have agreed to continue their moratorium on the purchase of soy grown in areas of the Brazilian Amazon rainforest cleared since July 2006, the year they first approved the joint action. Signed last month, this is the third consecutive one-year extension of the original two-year moratorium; it is due to expire in July 2011. The moratorium was organized by Abiove and Anec, the vegetable-oil-producers and grain-exporters associations here whose members include U.S.-based Bunge, Cargill and Archer Daniels Midland, as well as France’s Louis Dreyfus Group and Brazil’s Amaggi Group. The two trading associations and the Greenpeace environmental group, which was invited to help implement the moratorium, agree that thus far the effort has been a success... [Log in to read more]

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