Major soy traders like Cargill, ADM and Bunge announced their withdrawal from the Amazon soy moratorium, a move that could increase deforestation in the biome by 30% by 2045.
Behind the exodus are farmers and ranchers’ associations and local politicians linked to agribusiness.
Their abandonment of the agreement signals a “green light” for land speculators to clear rainforest for new soy crops, observers warn.
Advancing deforestation may lead companies to lose market share and intensify agricultural failures due to the lack of rain.
