Today, Aprosoja, ABIOVE, FEDIOL, FEFAC and IDH sign a Memorandum of Understanding in support of Brazilian responsible soy production and its market acceptance in Europe. It is the first time that a direct, formal working relation is established between Brazilian soy producers and key European soy purchasers, sharing a common vision and action plan fostering responsible soy production in Brazil and use in Europe.
This private sector agreement, supported by IDH, the Sustainable Trade Initiative (IDH), supports the Brazilian Forest Code’s objective of preserving natural habitats by promoting sustainable agricultural practices at soy farm level whilst safeguarding community rights in rural areas.
All parties recognise the complementarity of existing sectoral responsible soy initiatives in both Europe and Brazil. They believe that matching their vision and aligning their actions will accelerate mainstream responsible soy production in Brazil and soy trade in Europe.
In 2015, the EU imported 5.8 million tons of soybeans and 8.4 million tons of soybean meal from Brazil (source: Oil World).