Brazil competition authority targets soy exporters in probe

Reuters

Aug 19, 2025

SAO PAULO, Aug 18 (Reuters) - A unit of Brazilian competition authority CADE has formally suggested a full-blown investigation into the signatories of Brazil's "Soy Moratorium Program," a voluntary initiative under which exporters agree not buy soy from farmers who cleared land in the Amazon rainforest after July of 2008.

According to a document signed by CADE's General Superintendent Alexandre Barreto de Souza on Monday and seen by Reuters, he has also determined the application of a "preventive measure" and the imposition of fines on the working group that coordinates the soy moratorium program and the soy exporting companies which are signatories.

(Reporting by Ana Mano; Editing by Sandra Maler)

((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.thomsonreuters.com@reuters.net))

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