Cargill and Bunge Lobby European Commission Over Deforestation Rules
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Cargill and Bunge met with senior European Commission officials to lobby on policy issues. An investigation found that major US firms, including Cargill and Bunge, participated in a two-year effort to postpone and weaken the EU Deforestation Regulation (EUDR). The EUDR prohibits imports of commodities such as cattle, cocoa, soya, and wood from deforested land.
From aol.co.uk
Why it matters
The lobbying efforts aim to influence the EUDR, a law set to come into effect in December. Weakening this regulation could reduce compliance costs and supply chain risks for major meat processors and agribusinesses.
Global trading firms, including Bunge and Cargill, operate in the grain sector of Brazil, where exports depend on the Tapajos river system and are affected by government policy.
From aol.co.uk
Who's involved
- CargillLobbying the European Commission on policy issues regarding the EU Deforestation Regulation.
- BungeLobbying the European Commission on policy issues regarding the EU Deforestation Regulation.
- European CommissionThe executive branch of the European Union officials who were lobbied by the trading firms.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JBSSpeculative
Might see reduced compliance costs and supply chain risk if the EUDR is weakened.
- Tyson FoodsSpeculative
Could see reduced compliance costs and supply chain risk if the EUDR is weakened.
- ViterraSpeculative
May benefit from reduced compliance costs if the EUDR is weakened.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- EU deforestation rules may change sourcing costs for Archer Daniels MidlandArcher Daniels Midland may face new compliance costs due to EU deforestation rulesPossible
- Weakening of EU deforestation rules may lower compliance costs for JBSWeakening of EU deforestation rules may lower compliance costs and supply chain risk for JBSPossible
- How could the lobbying by grain firms affect the European Parliament's legislative process?Lobbying efforts may dilute the EU Deforestation Regulation's impactPossible
- EUDR lobbying could change Repsol's renewable fuel supply chain requirementsEUDR lobbying may change requirements for Repsol's renewable fuel partnership with BungePossible
- Lobbying may weaken Europe's deforestation import rulesLobbying efforts may weaken Europe's deforestation import rulesPossible
See all 7 possible ripples
- How could the lobbying against the EU Deforestation Regulation affect the Council of the European Union?Lobbying efforts may reshape the EU's deforestation rulesPossible
- Lobbying efforts may challenge Commissioner's authority on EU deforestation rulesLobbying efforts could challenge the Commissioner's authority over EU deforestation rulesPossible
Keep exploring
The entities involved
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Cargill
American-based international food conglomerate
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Bunge
business
Nothing else this week.
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European Commission
executive branch of the European Union