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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: The Associated Press

Category: BusinessStartups

Markets: PhilippinesBrazil

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 13:15:47 (4 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 721 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23379741

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 9 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions