Leading British and European retailers are trying to salvage the core elements of the Amazon soy moratorium after the world’s most successful forest protection agreement was wrecked by Brazilian lawmakers and abandoned by international traders.
In an open letter, high street brands including Tesco, Sainsbury’s and Asda say the breakdown this month of the 20-year-old agreement will damage consumer confidence unless new arrangements are put in place to ensure grain production is not linked to deforestation.
The letter is addressed to the major traders of soy – Cargill of the US, Bunge and Louis Dreyfuss of Brazil and the Chinese state-owned firm Cofco.
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