Danone shifts soybean sourcing from Brazil to Asia in the face of new EU rules
News
25/10/2024
Description
French dairy giant Danone (EPA:DANO) has stopped buying soybeans from Brazil, opting instead for Asian suppliers in anticipation of strict European Union regulations. The move comes as the EU prepares to implement a new mandate requiring companies to demonstrate that their supply chains are free of products linked to deforestation.