Cofco International Ltd. vowed full traceability for all the soybeans it buys directly from farmers in Brazil by 2023, a promise aimed at reducing environmental damage that would be a first for a major crop trader, reports Farm Progress.
The commitment would force the global trading arm of China’s biggest food company to be able to trace back all of the soybeans it buys in Brazil to specific farms and locations that are not from land cleared of natural vegetation, Cofco International said in its annual sustainability report.
Full traceability, which Cofco said would be verified by a third party, should help slow deforestation that has devastated some parts of Brazil including the Cerrado biome.
