January 24, 2017

Brazil's soy producers, European feed industry agree on joint action for responsible soy production

Aprosoja, ABIOVE, FEDIOL, FEFAC and IDH have signed a Memorandum of Understanding in support of responsible soy production in Brazil and its market acceptance in Europe.

It is the first time that a direct, formal working relation is established between Brazilian soy producers and key European soy purchasers, sharing a common vision and action plan fostering to raise the standards of soy production in the country.

This private sector agreement, backed by the Sustainable Trade Initiative (IDH), supports the Brazilian Forest Code's objective of preserving natural habitats by promoting sustainable agricultural practices at soy farm level whilst also safeguarding community rights in rural areas.

All parties recognise the complementarity of current sectoral 'responsible soy' initiatives in Europe and Brazil. They believe that matching their vision and aligning their actions will accelerate such actions in both regions.

In 2015, the EU imported 5.8 million tonnes of soybeans and 8.4 million tonnes of soybean meal from Brazil.

- Oil World