The cancellation of tax benefits may force international traders to abandon the agreement to protect the Amazon rainforest, which will increase the area for soybean cultivation.

In 2006, American companies ADM, Bunge, Cargill, Chinese Cofco, and Brazilian Amaggi signed an agreement to protect the Amazon rainforest, which included a moratorium on soybean cultivation. Over two decades, this saved millions of acres of tropical forests, and traders received tax benefits totaling $840 million from 2019 to 2024, with ADM and Bunge each receiving $269 million. However, a new law in the state of Mato Grosso, effective January 1, cancels tax benefits for participants in the program, so several major traders are ready to withdraw from the forest protection agreement to avoid losing funds. This is reported by sources in the country's Ministry of the Environment. It is still unknown which specific company is involved, as none of the major traders have officially commented on the situation yet. The moratorium has been one of the main factors that slowed deforestation in the Brazilian Amazon over the past two decades, as it prohibited traders who signed it from buying ...