Latest news of Amazon basin soy production
Due to the increasing pressure from activist groups trying to
preserve the rainforest from the soy industry in Brazil, a moratorium,
which will last for two years, will prevent Brazilian soy crushers and
exporters from buying soybeans grown in the Amazon basin. This
moratorium will apply to soybeans planted as of October 2006 in newly
deforested areas of the Amazon, the world's largest rain forest.
This initiative "seeks to reconcile environmental conservation with
economic development," according to the Brazilian Association of
Vegetable Oil Producers and the National Grains Exporters' Association.
Environmental groups believe this is an important step toward the
conservation of the Amazon basin.
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