Bunge Reaches 100% Monitoring of its Indirect Soy Value Chain in Brazil’s Priority Regions
Bunge Limited Common Shares (BG)
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Source: Business Wire
With a high level of engagement from grain resellers, the company becomes the first to fully monitor all volumes purchased in Brazil’s priority regions.The company agreed with its technology partner Vega to make its traceability tool available to other companies in the sector. ST. LOUIS--(BUSINESS WIRE)--Bunge announced today it is the first global commodity exporter to achieve 100% traceability and monitoring of its direct and indirect soy purchases in priority regions of the Cerrado biome in Brazil. Priority regions at risk of deforestation in the Cerrado include the Brazilian States of Maranhão, Tocantins, Piauí, Bahia and Mato Grosso. With the support of satellite monitoring, the company achieved 100% tracking and monitoring of its indirect supply chain in October, replicating the success reached with its direct purchases of soy in 2020. Direct purchases are commodities the company buys directly from farmers, while indirect purchases are purchased from local grain resellers.Ach
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