Most customers are not willing to buy soy meeting sustainability criteria, including no-deforestation criteria, if it entails having to pay a premium, finds FEDIOL.
The destruction of ecosystems in Brazil endangers local soy agriculture: Researchers, in a new paper, have calculated that extreme heat costs losses in soy revenue, up to US$3.55bm annually due to drier conditions.
Two Norwegian salmon companies – Bremnes Seashore and Nordlaks - have eliminated all links to deforestation throughout their soy supply chains, according to new market mapping conducted by Rainforest Foundation Norway (RFN).
A Norwegian poultry producer, working with a leading local feed company, has moved to exclude Brazilian soy from its supply chain, relying on a new soy-free feed formulation for its annual broiler production which covers 650,000 birds.
Tesco is set to become the first UK retailer to offer its supply base sustainability-linked supply chain finance, in a move it hopes will encourage more suppliers to sign up to science-based emissions reduction targets.
Nutreco looks to accelerate action to slash greenhouse gas (GHG) emissions, address climate change and decouple the business from deforestation risk in its new sustainability strategy.
Agribusiness giant, Bunge, last week announced it was launching a new monitoring program in the Cerrado, becoming the first global company to foster mass action in that region to track indirect purchases of soybeans.
Brazil based soy suppliers to the salmon industry will implement a 100% deforestation and conversion free soybean value chain with August 2020 as their cut-off date. No soy grown on land deforested after this deadline will be traded.
In an exclusive, Asbjørn Børsting, FEFAC president, looks ahead to what is in store for the EU feed industry for the coming year, highlighting priorities for the sector and pending challenges.
Dutch fish feed and animal nutrition group, Nutreco, is aiming to source soy and oil palm ingredients by 2025 that are free from both legal and illegal deforestation, with the purpose of limiting its impact on biodiversity and climate change.
The UK’s National Pig Association (NPA) has stressed the sector’s commitment to sustainable sourcing of soy, as the UK government looks to introduce new laws designed to halt agri-commodity related deforestation.
Almost all supermarkets in France – Carrefour, Casino, Auchan, Lidl, Système U, Mousquetaires and Leclerc – announced measures to end the use of soy produced on deforested land this week, according to a release from French campaigners, Canopée.
Agribusiness giant, Bunge, says its recently released 9th Non-Deforestation Progress Report highlights additional progress the group has made toward its goal of achieving deforestation-free value chains worldwide by 2025.
EU legislation halting the import of forest-risk commodities would not be an effective response to stop deforestation in the Amazon, said feed, grain and oilseeds, and crushing trade groups, FEFAC, COCERAL and FEDIOL.
Nando’s, the South African restaurant chain, is planning to test the use of algae and insect protein in chicken feed as an alternative to soy as part of a move to reduce its carbon emissions in its UK and Ireland division over the next decade.
Grieg Seafood says it has excluded Cargill Aqua Nutrition from the proceeds of its NOK 1 billion (US$105m) green bond, which was issued last month, until its parent company, Cargill, has significantly reduced its soy-related deforestation risk in Brazil.
Around 80% of global deforestation is driven by agricultural expansion, a phenomenon which has roots in the global demand for products such as palm oil, soy and beef, says the EU Commission.
The Dutch government has pledged funds to a financial mechanism for sustainable agriculture, a move that ensures the AGRI3 Fund will be up and running in the first half of 2020.
A paper detailing the research done into alternative processes for the production of expeller soybean meal (SBM) from European grown soybeans and trials done in broilers in the UK has just been published.
US based environmental campaign group, Mighty Earth, along with other NGOs, has ranked some of the leading soy buyers in France for compliance with recently established legislation in that market.
The Consumer Goods Forum, through the Soy Buyers’ Coalition (SBC), aspires to work closely with soy producers, traders, local governments, investors, NGOs and more in the main soy sourcing regions, where deforestation is a risk.
In a roadmap published yesterday, the European Commission has promised to tackle global deforestation, in particular trying to address and reduce the EU’s role in that.
