Brazilian state law overturns soy moratorium that helped curb Amazon deforestation

Quick Summary:

Agua Clara, Brazil — A historic agreement that’s helped curb deforestation in Brazil’s Amazon for nearly two decades suffered a major blow after Mato Grosso, the country´s largest soybean-producing state, passed a law ending incentives for participating processing and trade companies.

Agriculture Minister Carlos Fávaro, however, praised the law.“The project (moratorium) is stricter than the law, and this creates legitimate dissatisfaction among producers,” he told reporters in an event last week.BOC, DA seize P178.

Pires said the moratorium´s zero deforestation policy is a market demand.“Our European customers demand not to consume any products associated with deforestation,” he said.

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Article Details

Author / Journalist: The Associated Press

Category: BusinessStartups

Markets: PhilippinesAzerbaijanBrazil

Topics: Amazon Agreement Brazilian Deforestation Grosso Moratorium Mato Brazil State Area Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 13:15:47 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 721 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23379741

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