Satellite Mapping Solutions For Soy Traceability Will Drive a Deforestation-Free Supply Chain

Bangkok Produce Merchandising Public Company (BKP), a subsidiary company of a world-leading agro-food company, Charoen Pokphand Foods Public Company Limited (CPF), and Louis Dreyfus Company (LDC), a leading global merchant and processor of agricultural goods, have signed a Memorandum of Understanding (MoU) to collaborate on the utilization of satellite mapping solutions and traceability data points for sustainable and deforestation-free supply chains.

As the demand for deforestation-free products is growing globally, BKP and LDC are committed to a common goal of deforestation-free supply chain by 2025. The two companies will work together for commercial, sustainable, and technical efforts, including shared traceability data points, systems and satellite mapping verification along its supply chains.

The agreement covers soy products sourced by LDC in Brazil destined for several countries in Asia, where Bangkok Produce Merchandising and CPF produce and sell feed and food.

Paisarn Kruawongvanich, Chief Executive Officer of BKP said consumers are increasingly prioritizing responsibly sourced products and his firm is meeting that demand. “We are working with global leading companies to leverage our capabilities in accelerating traceable sourcing, processing, operation and commitment toward CPF’s Net-Zero goal by 2050.”

“This agreement with LDC demonstrates how we are working with partners to bring the full supply chain together in transforming agriculture, being driven by innovation. However, this cannot be done alone as the whole food and agriculture system needs to work together to drive quicker innovation that carries a lower impact to our environment,” Kruawongvanich concluded.