Brazilian soybean meal, tracked from planting to shipment, was sent to Thailand on three ships

Three ships with 185 thousand tons of soybean meal were sent from Brazil to Thailand recently. So far, nothing new. What differs about the transaction is the innovative way in which it was carried out. Bunge and Bangkok Produce Merchandising Public Company Limited (BKP), a subsidiary of Charoen Pokphand Foods Public Company Limited (CP Foods) are jointly testing a platform with blockchain technology (reliable transaction record, which basically identifies who owns the what) to sell 100% deforestation-free grains. Thus, the recipient was able to obtain full tracking of the product, from the origin of the soy on the farms, through its processing and transportation until its landing at the final destination. Another three ships, totaling another 180 thousand tons of soybean meal, should be shipped by next month. In a joint note, the companies highlighted that the products comply with the socio-environmental verification protocols of suppliers from both companies and were grown in ...