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Bunge, Cargill fined for soya purchases contributing to deforestation

Bunge, Cargill fined for soya purchases contributing to deforestation

Brazil’s governmental environment agency Ibama has fined local farmers and five grain traders – including Bunge and Cargill – for carrying out grain trading activities linked to illegal deforestation. The farmers and ABC Indústria e Comércio, Bunge, Cargill, JJ Samar Acromegalics Eireli and Unigger Protecão de Plantas were fined a total of 105.7M reais (US$29M), of which 24.6M reais was imposed on the five grain traders, reported Reuters. According to Ibama, the firms had purchased nearly 3,000 tonnes of grains – including soyabeans – that had been grown in off-limits areas of the Cerrado savannah in central Brazil’s Matopiba region.

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