News

Global coffee companies will not be ready to comply with EU deforestation law

Raw Common Coffee Bean
Colombia
Uganda
Published Sep 15, 2023

Tridge summary

Most global coffee companies are unprepared to comply with a new European Union law that bans the import of commodities linked to deforestation, putting small farmers at risk. The law requires importers of coffee, cocoa, beef, soybeans, rubber, and palm oil to provide proof that their products are not contributing to forest destruction. If coffee companies fail to comply, they may shift their supply to more developed regions, leaving small-scale farmers in poverty and potentially leading to further deforestation.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

By Maytaal Angel LONDON (Reuters) - Most global coffee companies will not be ready to comply with a new European Union law that prevents the import of commodities linked to deforestation, and small farmers could suffer from the problem, according to a major coffee sector report . The bloc's landmark law, which will come into force at the end of 2024, requires importers of commodities such as coffee, cocoa, beef, soybeans, rubber and palm oil to produce a due diligence statement proving that their products are not contributing to the destruction of forests -- one of the main causes of climate change -- or risk heavy fines. According to the biennial Coffee Barometer, prepared by a group of NGOs, coffee companies' lack of preparation for the law could lead them to shift supply to more developed regions, such as Brazil, which have better traceability, leaving millions of farmers, mostly small-scale and poverty-stricken, in the lurch. The Commission has called on the European Union and ...
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