Soybean Trader Vows Crop Tracing to Prevent Deforestation Harm

  • Cofco pledge is different approach than bigger rival Cargill
  • Full traceability may help to slow deforestation in Cerrado

Photographer: Carl De Souza/AFP via Getty Images

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Cofco International Ltd. vowed full traceability for all the soybeans it buys directly from farmers in Brazil by 2023, a promise aimed at reducing environmental damage that would be a first for a major crop trader.