Nestlé ceases to source Cargill’s Brazil soy

Nestlé SA, which aims to eliminate deforestation from its supply chain over the next three years, has stopped buying Brazilian-produced soybeans from agricultural trading firm Cargill Inc. after a review couldn’t trace the oilseeds back to specific plantations, raising concerns that they were produced on converted land. Brazil’s accelerating deforestation is pressuring food makers, retailers, investors and commodity traders to shake up supply chains in an effort to push back on land-clearing and achieve environmental goals.

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Source: The Wall Street Journal