Spies, satellites, subpoenas: soy buyers play hardball with Brazilian farmers By Reuters – Investing.com
- Date: 03-May-2021
- Source: Investing.com
- Sector:Agriculture
- Country:Gulf
Spies, satellites, subpoenas: soy buyers play hardball with Brazilian farmers By Reuters – Investing.com
By Ana Mano
SAO PAULO (Reuters) - Global grains merchants are using satellites and spies to surveil Brazil's soybean heartland and deploying an army of lawyers to ensure farmers deliver promised crops instead of finding a different buyer at prices that have doubled since deals were made.
At stake are billions of dollars and the sanctity of crop contracts in Brazil, the world's top soy exporter accounting for roughly 50% of the global trade.
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