In Brief
BRASILIA, Brazil (Reuters) — Five grain trading houses, including Cargill Inc. and Bunge Ltd., and dozens of farmers, have been fined a total of $29 million for activities connected to illegal deforestation in Brazil.
Government environmental agency Ibama, which imposed the fines, said the firms bought nearly 3,000 tonnes of grain produced in areas off limits to farming under environmental rules.
Cargill said it had not received notification from Ibama about the irregular soy purchases and would look into the matter.
Bunge said its grain purchases in the area where it was fined are in line with best practices.
