Global agribusiness giant Louis Dreyfus Company (LDC) is working with Thai firm Bangkok Produce Merchandising (BKP) on a deforestation-free soyabean supply chain project.
The two companies had signed a Memorandum of Understanding (MoU) to collaborate on the use of satellite mapping solutions and traceability data points for sustainable and deforestation-free supply chains, BKP said on 19 January.
BKP – a subsidiary of leading Thai-based food conglomerate Charoen Pokphand Foods (CPF) – said the agreement covered soyabean products sourced by LDC in Brazil for export to several countries in Asia, where CPF produced and sold feed and food.
“We are pleased to join forces with CPF in establishing the Traceability Pilot Project, toward more traceable, low-carbon and sustainable supply chains,” James Zhou, LDC’s group chief commercial officer, head of food & feed Solutions and head of Asia, said.
“This project fully aligns with LDC’s commitment to fostering sustainable practices across our business activities.”
Through the MOU, both companies said they were reaffirming their commitment and efforts to advance decarbonisation and use their integrated value chain to deliver more sustainable and low-carbon products and services.
The companies said they planned to explore opportunities for further systems integration with a focus on enabling real-time data transfer and improving the digital traceability solution to be compatible with European Union (EU) deforestation regulation and sustainability certification standards.