In a significant development, the state of Mato Grosso in Brazil, the largest soybean-producing state in the country, recently passed a law that effectively ends incentives for companies participating in the Soy Moratorium. The Soy Moratorium, established in 2006 following a Greenpeace investigation, aimed to prevent the purchase of soy produced in illegally deforested areas after 2008 by major commodities companies like Cargill, Bunge, and ADM.
Studies have shown that the Soy Moratorium, in conjunction with public policies, played a crucial role in reducing deforestation in the Amazon. A 2020 study published in Nature Food highlighted the significant impact of the agreement on preserving the Amazon between 2003 and 2016.
