The landmark Soy Moratorium, a primary outcome of the foundation's support of the Amazon Environmental Research Institute (IPAM) and the subject of extensive research by the University of Wisconsin's Holly Gibbs, has been renewed indefinitely--a boon for long-term conservation of the Amazon. Originally renewed on an annual basis, the moratorium aims to prevent soy trade linked to deforestation, and ensure producers and trading companies can continue to rely on forest-friendly Amazon soy.
Soy tops the list of exports of agricultural commodities in Brazil, having generated $31.27 billion in revenue in 2015. This agreement guarantees market access only to soy that is free from deforestation, slave labor or threats to indigenous lands.
For more information about this announcement, see the press release from Greenpeace USA: Brazilian Soy Moratorium Renewed Indefinitely.
Read more from Kelli Barrett in Ecosystem Marketplace: Soy sector extends moratorium on Amazon soy. Now, can they expand it?
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