ADM‘s traceable soybean pilot has resulted in 2.4 million bushels (64,000 metric tonnes) of verified, fully traceable U.S. soybeans shipped from the U.S. to Europe. After the first deliveries to Europe, the company has announced that it will expand the traceable soybean programme to additional North American locations for the 2024 growing season.
ADM, a global leader in sustainably sourced solutions from nature, announced that it has loaded and shipped its first vessels of verified, fully traceable soybeans from the U.S. to Europe. With the completion of the initial phases of the programme, and in anticipation of the new EU deforestation regulations becoming effective at the end of the year, ADM now intends to expand these capabilities to other key locations across North America in the 2024 growing season.
“At ADM, our future and success depend on the farmers we work with and for, which is why we’re committed to helping support their businesses and their legacies by ensuring that global markets remain open to U.S. agricultural products,” said Matt Hopkins, ADM’s vice president, North America River, and Export. “This programme, along with our comprehensive plan to achieve 100% deforestation-free supply chains by 2025, demonstrates the value of ADM’s irreplaceable global footprint and our investments in climate-smart and regenerative agriculture.”
“While there are still issues – including how full compliance will be defined, measured, and enforced – to work through in advance the EU’s deforestation regulations, we are confident in our ability to continue to deliver to customers in Europe,” said Jon Turney, ADM’s vice president, EMEA Crush. “We will continue to work with stakeholders – including farmers, government, and industry – across our supply chains in the U.S. and other key regions between now and the new regulations coming into effect on December 31.”
ADM’s traceable soybean programme is an outgrowth of its International Sustainability & Carbon Certification (ISCC) certified bean programme and utilises cutting-edge technology – such as FBN’s Gradable digital platform – as well as ADM’s origination and transportation capabilities to verify, trace, and segregate participating beans from farms to their final destination.
In the wake of the successful pilot, which delivered 2.4 million bushels (64,000 metric tonnes) of fully traceable soybeans to European customers in 2023, ADM intends to broaden the programme to additional North American locations in 2024, providing the opportunity for interested farmers to continue to participate in current and new global markets that generate greater value and preference for their crops.
