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ADM Archer Daniels Midland Co

49.36
-0.29 (-0.58%)
31 Jan 2025 - Closed
Realtime Data
Share Name Share Symbol Market Type
Archer Daniels Midland Co TG:ADM Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.29 -0.58% 49.36 49.265 49.455 50.09 49.135 49.955 1,602 22:50:14

Brazilian Soy Moratorium Extended For One Year

28/07/2009 7:54pm

Dow Jones News


Archer Daniels Midland (TG:ADM)
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The Brazilian Vegetable Oils Industry Association, or Abiove, Tuesday said that the soy moratorium will be extended for one year.

"This is the sort of industry initiative we need to stop the destruction of the Amazon," said Paulo Adario, environmental group Greenpeace's Amazon Campaign director in a press release.

Greenpeace is part of the Brazilian soy moratorium in which major trading companies such as Archer Daniels Midland Co. (ADM) and Bunge (BG) agree not to purchase beans from areas deforested after 2006.

"Soya is no longer a significant force in the destruction of the Amazon rain forest," said Brazil's Environment Minister, Carlos Minc, in the release.

"However, we cannot say the same about cattle. The soya moratorium is a model for all relevant sectors," Minc added.

The soy moratorium extension was announced at a press conference in Brasilia.

Brazil is the world's No. 2 producer of soybeans after the U.S.

By Tony Danby, Dow Jones Newswires; 55-11-2847-4523; Anthony.Danby@dowjones.com

 
 

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