LatinNews Daily - 01 October 2025

*Councillors from Brazil’s antitrust regulator (Cade) have maintained a prior decision to suspend the ‘soy moratorium’ but have delayed the implementation of the suspension to the start of January 2026 rather than it coming into effect immediately. The soy moratorium is a private-sector agreement first announced in 2006 under which exporters pledged to avoid trading soybeans sourced from land in the Amazon biome that was deforested after 2008. In August the office of Cade’s superintendent general (SG) accepted a petition by a congressional agriculture committee requesting the immediate suspension of the soy moratorium so that Cade could launch an investigation into whether the agreement posed a threat to free competition. However, in late August a federal court in Brasília ruled in favour of an appeal filed against the suspension and blocked the SG’s order, ruling that the suspension of the soy moratorium could not come into force until the decision was reviewed by the full panel of Cade’s collegiate board. One of the Cade's councillors, Carlos Jacques, agreed with the SG that even if the moratorium did not involve price fixing, the sharing of commercially relevant data about soybean production and distribution could be viewed as an anti-competitive practice and therefore voted to uphold the suspension in full. However, the majority of councillors voted to delay the suspension until the start of 2026 on the back of appeals.

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