April 8, 2010

 

Brazil set to launch label for sustainable soy

 

 

Brazil will launch a label to distinguish beans and derivatives produced according to a list of environmental and social criteria to meet consumer demand for sustainable produce.

 

The Soja Plus seal will comprise 46 prerequisites that must be fulfilled for growers to earn the seal - and hopefully a premium for their produce in foreign markets.

 

Carlo Lovatelli, head of the Brazilian Association of Vegetable Oil Industries (Abiove) expects that one third or one quarter of Brazilian exports will be certified with Soja Plus two or three harvests from now.

 

EU countries bought nearly two thirds of its soymeal exports in 2009, worth around US$4.6 billion dollars and summing more than 12 million tonnes in volume, the agriculture ministry said.

 

The issuing of the label is set to begin by October this year. The programme will add to a separate initiative in Brazil that prohibits the sale of soy produced on newly deforested land in the Amazon rainforest in the far north. Nearly all Brazil's soy is grown in the southern half of the country.

 

As an additional incentive to growers considering switching to the costlier farming methods Soja Plus requires, banks keen to promote environmentally and socially sustainable business may consider offering cut-cost loans, Lovatelli said.

 

The entities that developed the label include Abiove, the soy and corn producers' association in the state of Mato Grosso and the industry-funded Ares Institute for Responsible Agribusiness.

 

The scheme will also contribute to entities' strategic aim of avoiding loss of foreign custom were buyers to impose sustainability criteria of their own for Brazilian soy imports.

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