ADM - Archer Daniels Midland Company

07/08/2024 | Press release | Distributed by Public on 07/08/2024 01:01

As EU Deforestation Regulation Approaches, ADM Offers Fully Verified, Segregated, Traceable Soybean Meal and Oil to European Customers

Rolle-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.

About ADM
ADM unlocks the power of nature to enrich the quality of life. We're an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We're a premier human and animal nutrition provider, offering one of the industry's broadest portfolios of ingredients and solutions from nature. We're a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We're a cutting-edge innovator, guiding the way to a future of new consumer and industrial solutions. And we're a leader in sustainability, scaling across entire value chains to help decarbonize the multiple industries we serve. Around the globe, our innovation and expertise are meeting critical needs while nourishing quality of life and supporting a healthier planet. Learn more at www.adm.com.

ADM Media Relations
Ana Cruz
[email protected]
+41 21 702 840