Brazil’s Attorney General has recommended a four-month delay to a state law that will remove tax benefits from crop traders that obey a landmark deal created to protect the Amazon against deforestation.
The top soybean-growing state of Mato Grosso earlier this year enacted the law involving the so-called Soy Moratorium, but political parties contested the move in the Supreme Court. A November court decision ruled partly in favor of the state, and as of Jan. 1 traders supporting the pact may no longer receive tax benefits.
Brazil’s Attorney General filed a motion on Dec. 30 requesting a 120-day postponement of ...