New EU rules aimed at halting deforestation have triggered a race to map out farms worldwide and protect $110 billion worth of trade. This could raise prices for consumers.
The law will require some suppliers to trace every coffee bean, beef carcass and plank of timber to its exact origin or risk heavy penalties. Thousands of farmers are scrambling to meet the rules.
Read more: https://www.bloomberg.com/graphics/2024-eu-deforestation-regulation-eudr-supply-chain/
