Commodities trader Louis Dreyfus Brazil's chief executive said on Tuesday that if society wants to tackle deforestation seriously, mechanisms need to be put in place to compensate farmers for conserving trees. Murilo Parada told an audience at the World-Agritech South America Summit in Sao Paulo that the development of a carbon market would be key to protect the environment and curb climate change in one of the world's biggest food producers. Brazil already has environmental laws that protect the majority of forest areas, Parada said, adding that it falls on the grower to look after that area.
Yahoo Finance's Jared Blikre joins the Live show to break down how stocks are trading as Fed Chair Powell continues to testify before Congress.
Louis Dreyfus Company (LDC) said on Monday it planned to build new storage tanks in Matao, in the Brazilian state of Sao Paulo, to meet growing global consumer demand for high quality not-from-concentrate orange juice. The new investment will bring not-from-concentrate (NFC) orange juice storage capacity at the site to 30 million litres, and annual juice production capacity to 300 million litres, it said. The new storage tanks are expected to be operational by the end of 2023, it added.