Brazil Regulator Agrees to Keep Amazon Soy Ban Through 2025
Barges and a bulk carrier ship are loaded with soybeans at a grain terminal, along the Tapajos and Amazon Rivers in Santarem, Para state, Brazil, in August.
Photographer: Dado Galdieri/BloombergBrazil’s antitrust regulator ruled in favor of major soybean traders, saying companies including Cargill Inc. and Bunge Global SA are allowed to continue a pact that boycotts crops from recently deforested land in the Amazon.
A majority of regulator Cade’s counselors voted Tuesday to lift through the remainder of 2025 a preventive measure enacted in August that suspended the moratorium. Activities related to the moratorium, such as the auditing of soy suppliers, may continue through the end of the year.