Brazil Supreme Court upholds laws that led to downfall of Amazon soy moratorium
RIO DE JANEIRO (AP) — Brazil’s Supreme Court on Wednesday dealt a major blow to the future of the country’s soy moratorium, upholding state laws that deny tax incentives to farmers who complied with the agreement barring the…
Brazil's Supreme Court has ruled in favor of state laws that have effectively ended the country's soy moratorium, which previously prohibited the purchase of soy grown on deforested Amazon land. The decision comes as major grain traders withdrew from the voluntary pact, citing the passage of bills in top soy-producing states that revoked tax benefits for participating companies.
The Amazon rainforest, the world's largest, plays a crucial role in regulating global climate, and its loss could exacerbate climate change and disrupt agriculture worldwide. In the 2024-25 season, Brazil produced 171.5 million metric tons of soybeans, with China being the largest export market.
Written by urgent.news from Associated Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Brazil’s STF Upholds the Amazon Soy Moratorium — But Lets States Punish It riotimesonline.com
- Brazil Supreme Court upholds laws that led to downfall of Amazon soy moratorium news.mongabay.com
- Supreme Court slams FSSAI for not introducing front-of-pack warning labels on packaged food products thehindu.com
