Bunge and Bangkok Produce Merchandising expand soy supply partnership
(Posted on 22/09/25)
Bunge and Bangkok Produce Merchandising Public Company Limited, a subsidiary of Charoen Pokphand Group have signed a Memorandum of Understanding for a strategic partnership that marks an unprecedented advance in agricultural commodity supply chain transparency. Following successful testing of a blockchain platform for soy traceability, the companies will adopt this solution for soy and soy meal originated by Bunge in Brazil and supplied to Bangkok Produce Merchandising (BKP) and Charoen Pokphand Foods (CPF) for food and animal feed production in Thailand and other Southeast Asian countries.
The companies also plan to develop innovative solutions for system integration to enhance visibility and transparency across agricultural commodity supply chains, as well as collaborating on low-carbon initiatives with supply chain-wide impact, in line with CP Group's ambition to achieve net-zero emissions by 2050 and leveraging Bunge's experience in leading regenerative agriculture initiatives.
Since 2023, Bunge and CP have collaborated on technical, operational, and commercial feasibility studies for sustainable and digitally integrated supply chains. Last year, the partnership validated traceability in a pilot involving a shipment of approximately 375,000 metric tons of soy meal. With the current agreement, the solution will be adopted at scale.
“With the blockchain platform, we are creating a direct and verifiable connection between our food production and end customers, providing comprehensive information on our responsible supply chains and ensuring that every link in the chain contributes to a more transparent and trustworthy future. The success of the pilot has also enabled us to expand our commercial commitment with CP, developing other business avenues, such as Regenerative Agriculture,” said Julio Garros, Bunge's Co-Chief Operating Officer.
Thiti Lujintanon, Chief Executive Officer of Bangkok Produce Merchandising said “partnerships with global agriculture leaders like Bunge, will enhance CP’s supply chain and ensure CP stays competitive in a global market. The expansion of collaboration will include access to advanced logistics, digital platforms, and sustainable sourcing models that improve efficiency, reduce costs, and open new markets for both parties. We are looking for long-term business growth that can deliver consistent value to our customers across the globe.”
The partnership’s expansion in 2025 will also include comprehensive trade agreements on upstream operations, like procurement of key agricultural raw materials, joint development of efficient procurement processes, and transportation improvements, to downstream CP animal feed plants.
The blockchain platform was developed by Bunge in partnership with Justoken, a Bunge Ventures portfolio company specializing in blockchain infrastructure.
Latest News
Pilbara production record as Rio Tinto releases Q2 results
(Posted on 16/07/26)Rio Tinto has driven performance to achieve 3% YoY CuEq1 growth in the first half of 2026.Chief Executive... Read more
Record iron ore production helps strengthen BHP growth pipeline
(Posted on 16/07/26)BHP have released its Operational Review for the year ended 30 June 2026.Chief Executive Officer, Brandon... Read more
Stranded sulphur cargoes in Gulf face mounting corrosion risk, warns Brookes Bell
(Posted on 07/07/26)Bulk carriers carrying elemental sulphur cargoes in the Strait of Hormuz are at significant risk of... Read more
BHP and Faraday Copper sign definitive San Manuel agreement
(Posted on 06/07/26)Further to BHP’s announcement in February, BHP, through a wholly owned subsidiary, has executed... Read more
Urea price dive hits Australian grain suppliers
(Posted on 03/07/26)Australia’s Federal Government's fertiliser support package has come under scrutiny as global... Read more
SSAB pauses work at construction site in Luleå
(Posted on 30/06/26)SSAB has once again paused work at the construction site for its new steel mill in Luleå, Sweden... Read more
Trafigura issues USD500 million senior bond
(Posted on 29/06/26)Trafigura Group Pte Ltd. has announced the issuance of a USD500 million senior Reg S bond with a five... Read more
NGFA welcomes Senate Farm Bill proposal
(Posted on 29/06/26)The National Grain and Feed Association (NGFA) in the USA has welcomed the release of Senate Agriculture... Read more
Agreement paves way to deliver 2.7 million tonnes of additional copper production
(Posted on 25/06/26)Anglo American plc, through its 50.1%-owned subsidiary, Anglo American Sur S.A., and Codelco, have announced... Read more
SSAB and partners launch closed loop steel recycling initiative in US
(Posted on 24/06/26)SSAB Americas, The Greenbrier Companies and Alter Trading are partnering on a circular economy project... Read more
