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Brazil Throws Weight Behind Amazon Soy Ban

Source:  Copyright 2008, Reuters
Date:  June 19, 2008
Byline:  Ana Nicolaci Da Costa
Original URL: Status ONLINE

Brazil's new environment minister reached an agreement with the grain processing industry to ban purchases of soy from deforested Amazon until July 2009, winning praise from environmentalists.

"This same initiative will be extended to two other sectors -- the timber sector and the beef sector," Environment Minister Carlos Minc said while praising the grain industry and non-governmental organizations for a "pioneering" initiative.

Environmentalists called Minc's initiative essential to the protection of the world's largest rainforest. Deforestation in the region quickened in the past months as world grain prices continue to set record highs.

The moratorium is a commitment by the local Vegetable Oils Industry Association (Abiove), which includes big crushers such as Cargill Inc, Bunge Ltd, ADM Co and Louis Dreyfus, and the Grain Exporters Association (Anec) to extend the expiring, one-year ban that began in July 2006. ...

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