Amazon deforestation may rise 30% as major traders exit historic soy pact

• Major soy traders like Cargill, ADM and Bunge announced their withdrawal from the Amazon soy moratorium, a move that could increase deforestation in the biome by 30% by 2045.
• Behind the exodus are farmers and ranchers’ associations and local politicians linked to agribusiness.
• Their abandonment of the agreement signals a “green light” for land speculators to clear rainforest for new soy crops, observers warn.
• Advancing deforestation may lead companies to lose market share and intensify agricultural failures due to the lack of rain.