Some 185,000 metric tonnes of deforestation-free soybean meal are on their way to Thailand to test the firms' joint digital blockchain traceability solution for sustainable soy. Bunge, a leading global agribusiness and food company, and Bangkok Produce Merchandising Plc, a subsidiary of Charoen Pokphand Foods Plc (CPF), are jointly testing a traceability platform for sustainable soy using blockchain technology. Three more ships carrying an additional 180,000 metric tonnes of soybean meal are expected to be transported to Thailand by July 2024. Rossano de Angelis Jr, vice-president of agribusiness in South America for Bunge, said: "Adding a layer of blockchain technology improves the transparency in end-to-end traceability that Bunge has used for some years. The agreement involves oilseeds and their byproducts sourced by Bunge in Brazil destined for several countries in Asia, where Bangkok Produce Merchandising and CPF produce and sell feed and food.
