Soybean plantings in the ten towns that reported the most fires in the Amazon region through last month is so low that it is immaterial to Brazil’s overall soy production, according to national oilseeds crusher group Abiove.
 

The 10 towns most affected by the forest fires between January and July this year recorded soy plantings on only 30,000 hectares in the 2018/2019 season, according to data compiled by Abiove from multiple government sources.

CJ Cheiljedang Corp., South Korea's leading maker of processed foods, said Monday it has completed the acquisition of a Brazilian company to expand its foothold in the vegetable protein business.

Earlier in June, the Korean firm announced its plan to buy Selecta, a Brazilian company that manufactures soy protein concentrate, for 360 billion won ($320 million). It is a world-leading manufacturer of sustainable vegetable protein with sales reaching some 400 billion won last year. Its 2016 operating income stood at 55 billion won, according to CJ Cheiljedang.