Wow, some major legislative news from EU regarding the use of soy and other food and feed products that are related to deforestation. Expecting soy prices to increase significantly in the coming years. We guess insect protein has now an even greater chance to replace soy in food and animal feed.
For example by ~2031 Brazilian soybean production is projected to be 178.2 million tonnes, an increase of almost 30% from 2020. “…study reveals that soybean coverage in South America increased from 26.4 million hectares (65.2 million acres) in 2001 to 55.1 million hectares (136.2 million acres) in 2019”.
Where do we think that increase comes from? Seriously!? And some people claim soybean has nothing or not much to do with deforestation and cutting down rain forests…
Time to consider black soldier fly production now more than ever to produce insect protein, bio-oils and frass that are not related to deforestation and significant fresh water consumption? Yes, most definitely so.
“To fight climate change and biodiversity loss, the new law obliges companies to ensure products sold in the EU have not led to deforestation and forest degradation. While no country or commodity will be banned, companies will only be allowed to sell products in the EU if the supplier of the product has issued a so-called “due diligence” statement confirming that the product does not come from deforested land or has led to forest degradation, including of irreplaceable primary forests, after 31 December 2020.”
“The products covered by the new legislation are: cattle, cocoa, coffee, palm-oil, soya and wood, including products that contain, have been fed with or have been made using these commodities (such as leather, chocolate and furniture), as in the original Commission proposal. During the negotiations, MEPs successfully added rubber, charcoal, printed paper products and a number of palm oil derivatives.”
“The UN Food and Agriculture Organization (FAO) estimates that 420 million hectares of forest — an area larger than the EU — were converted from forests to agricultural use between 1990 and 2020. EU consumption represents around 10% of this global deforestation. Palm oil and soya account for more than two-thirds of this.”