Food grocers urge grain traders to uphold Brazil's soy moratorium initiative
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SAO PAULO, Sept 5 (Reuters) - Large food retailers including Tesco (TSCO.L) , Sainsbury’s and Aldi (ALDIEI.UL) have urged global grain traders to defend Brazil’s soy moratorium initiative, a pact designed to protect soy-driven deforestation in the Brazilian Amazon.In a letter dated Sept. 5 seen by Reuters, the food grocers directly ask the CEOs of ADM, Bunge, Cargill, Louis Dreyfus Company and China’s Cofco “to publicly reaffirm the 2008 cut-off date” for banning purchases of soybeans from farmers in the sensitive biome.
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