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Reading: Brazil fines meat packers $64 million for purchasing cattle from deforested Amazon land By Reuters
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Brazil fines meat packers  million for purchasing cattle from deforested Amazon land By Reuters
The Tycoon Herald > Business > Brazil fines meat packers $64 million for purchasing cattle from deforested Amazon land By Reuters
Business

Brazil fines meat packers $64 million for purchasing cattle from deforested Amazon land By Reuters

Tycoon Herald
By Tycoon Herald 2 Min Read Published October 26, 2024
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BRASILIA (Reuters) – Brazil’s environmental safety company IBAMA has imposed 365 million reais ($64 million) in fines on cattle ranches and meat packers, together with the world’s largest JBS SA (OTC:), for elevating or shopping for cattle on illegally deforested land within the Amazon (NASDAQ:).

IBAMA mentioned on it had recognized 69 properties that had offered 18,000 head of cattle raised on deforested land, and 23 meat packing firms that purchased the cattle within the states of Para and Amazonas.

The enforcement operation was geared toward curbing deforestation within the Amazon by monitoring the chain that produces or sells cattle from illegally deforested areas, IBAMA mentioned.

JBS denied shopping for cattle from the properties named by IBAMA.

“None of the JBS purchases indicated by IBAMA were made from embargoed areas,” the corporate mentioned.

JBS added in an announcement that its geospatial monitoring system ensures the corporate doesn’t purchase animals from farms concerned in unlawful deforestation, the invasion of indigenous lands or environmental conservation areas.

In depth cattle ranching together with clearing land to promote timber or develop soy are driving deforestation within the Amazon rainforest.

Brazil fines meat packers  million for purchasing cattle from deforested Amazon land By Reuters

Numerous meat packers signed commitments with prosecutors in 2013, agreeing to not purchase cattle from ranches that have been cleared illegally or have been blacklisted for environmental crimes.

JBS and greater than a dozen different main agriculture companies have additionally pledged to get rid of deforestation from their provide chains by 2025, together with destruction linked to oblique suppliers that promote to middlemen who then promote to meat packers.

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