ADM (NYSE: ADM), a global leader in innovative solutions from nature, announced today that it is offering fully verified, segregated, traceable soybean meal and oil to meet the needs of European customers as EU deforestation regulations come into effect on December 30.
“Thanks to the critical participation of our farmer network as well as our dedicated U.S. elevators and segregated transportation and logistics capabilities, we are in a position to supply all of our existing customers in Europe with soybean meal and oil once new rules go into effect at the end of this year,” said Sebastian Kuck, general manager, EMEA Soy Crush.
In March, ADM launched a fully traceable North American soybean program, re:source™, which enrolled almost 5,300 farmers encompassing more than 4.6 million acres across 15 states for the 2024 season. The program utilises cutting-edge technology – such as the FBN® 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. The company will utilize the sustainability measurement platform TRACT, an industry-led joint venture, to provide enhanced traceability solutions to its customers across the supply chain.
Beyond North America, ADM continues to work across other key regions to pilot soybean crushing and exporting of both beans and meal to the EU in fully traceable and segregated supply chains.
“Although industry continues to await final implementation guidance from the European Commission on the EU deforestation regulation’s requirements, this program will ensure we can continue give U.S. farmers the choice and the opportunity to add value by supplying global markets, while meeting our customers’ needs through ADM’s fully segregated and dedicated supply chain,” said Jon Turney, president, EMEA Oilseeds.
European customers can contact their local ADM office for pricing and more information on traceable soybean meal and oil beginning on July 8.
