Brazil's Antitrust Authority Launches Inquiry into Soybean Traders Over Amazon Deforestation Pact
Brazil's antitrust agency has initiated an investigation into 30 prominent soybean traders and two industry associations. The probe focuses on a commitment by these entities to avoid sourcing soybeans from Amazon lands deforested after 2008, raising concerns about potential cartel activities in the grain export market. This move has significant environmental implications, especially as Brazil prepares to host the COP30 climate summit.