A group of global investors and businesses, including Tesco, Mars and Sainsbury’s, have signed a letter calling for the Brazilian Government and president Jair Bolsonaro to support a voluntary agreement that has limited deforestation from soy production in the country.
Global demand for soy is expected to increase 4% annually, mainly for its use as an ingredient in animal feed. Soy produced in the Amazon represents 10% of Brazil’s total soy production
The investor network FAIRR has co-ordinated investors worth $3trn and businesses that purchase soy from Brazil to sign the letter calling for more support for the Amazon Soy Moratorium (ASM).
The ASM was established in 2006 after soy production in the Amazon expanded by one million hectares and contributing to