This move is expected to inject much-needed revenue into the U.S. agricultural sector, which has suffered billions in losses due to the prolonged trade war and reduced Chinese demand.
The expansion is scheduled to begin in the fourth quarter of 2025 and is expected to be completed by the end of 2027.
With this launch, Fortune reinforces its position as a leader in the edible oil segment and a champion of regional flavors.
The project’s primary goal is to quadruple soybean yields and increase farmer incomes by up to 40%.
The commission has proposed that the EUDR still enter into force on Dec. 30, 2025, for large- and medium-sized in-scope companies, but apply to micro and small operators from Dec. 30, 2026.