ADM’s to expand traceable soybean program after successfully delivering 64,000 metric tons to Europe
In anticipation of the European Union’s new deforestation regulations ADM intends to expand its traceable soybean program to other key locations throughout North America in the 2024 growing season.
ADM (Chicago) has announced that it has successfully delivered 64,000 metric tons of verified, fully traceable soybeans from the U.S. to Europe. In anticipation of the European Union’s new deforestation regulations, which are to go into effect at the end of the year, ADM also intends to expand its traceable soybean program to other key locations throughout North America in the 2024 growing season.
“This program – along with our comprehensive plan to achieve 100% deforestation-free supply chains by 2025 – demonstrate the value of ADM’s irreplaceable global footprint and our investments in climate-smart and regenerative agriculture,” said Matt Hopkins, ADM’s vice president, North America River and Export, in a press release.
“While there are still issues – including how full compliance will be defined, measured and enforced – to work through in advance the EU’s deforestation regulations, we are confident in our ability to continue to deliver to customers in Europe,” said Jon Turney, ADM’s vice president, EMEA Crush. “We will continue to work with stakeholders – including farmers, government and industry – across our supply chains in the U.S. and other key regions in between now and the new regulations coming into effect on December 31.”
