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

SSAB delivers decarbonised steel to Vattenfall’s solar park project in Germany

SSAB is supplying decarbonised steel to Vattenfall for the construction of the ground-mounted solar... Read more

NGFA statement on STB’s decision to conditionally accept rail merger application

In accordance with the Surface Transportation Board’s merger rules, the Board has conditionally... Read more

EU feed production market forecast highlights continued stability

FEFAC market experts are forecasting continued stability in the EU compound feed production market for... Read more

Fertilizer Action Plan: recognition must now translate into delivery

Fertilizers Europe has acknowledged the European Commission’s Fertilizer Action Plan, which recognises... Read more

Tripartite MOU to establish direct U.S.–DRC cobalt supply chain

Entreprise Générale du Cobalt, EVelution Energy LLC and Trafigura Pte Ltd. has announced... Read more

Commissioning of Oxelösund electric arc furnace delayed due to permitting

SSAB’s conversion of the mill in Oxelösund to fossil-free production is being delayed due... Read more

YEC agreement supports decarbonisation of Rio Tinto’s Pilbara iron ore operations

Yindjibarndi Energy Corporation (YEC), one of Australia’s largest Indigenous-led renewable energy... Read more

ASA Vice President urges caution in USTR Section 301 investigation

Soybean farmers are already facing significant economic headwinds and new trade actions could add further... Read more

ADM investment to upgrade Clinton, Iowa, corn processing facility

ADM, a global leader in innovative solutions from nature, has announced a multimillion-dollar investment... Read more

JV in Bayuquan, China to strengthen global raw material supply chains

CREMER ERZKONTOR GmbH has announced the official opening of its joint venture, CREMER (Yingkou) Supply... Read more