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ADM, Bunge say not sourcing from newly deforested parts of Amazon

08/30/2019 | 02:14pm EST

CHICAGO (Reuters) - Grain traders Archer Daniels Midland Co and Bunge Ltd said in separate statements on Friday they do not source crops from newly deforested areas in the Amazon and are using satellite monitoring to enforce their policies.

Bunge said it is evaluating available information about the number and location of the existing Amazon rainforest fires.

Brazil's oilseed crushing association Abiove, which represents companies such as ADM and Bunge, has said soybean plantings in the 10 towns that reported the most fires is immaterial to overall soybean production.

(Reporting by Tom Polansek; editing by Grant McCool)


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ALUMINIUM DU MAROC SA 0.28% 1428 End-of-day quote.2.59%
ARCHER LIMITED -2.28% 4.29 Real-time Quote.12.30%
ARCHER-DANIELS-MIDLAND COMPANY 0.07% 68.94 Delayed Quote.1.92%
BUNGE LIMITED -0.45% 94.33 Delayed Quote.1.04%
CORN?FUTURES (SETTLEMENT ONLY) (ZC) - CBR (FLOOR)/C11 0.00%End-of-day quote.0.00%
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