RSPO suspension batters IOI Corp shares
US agribusiness conglomerate Cargill has decided to stop buying palm oil from it
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
THE first cut may be the deepest, but subsequent cuts have also proved painful for IOI Corporation whose Roundtable on Sustainable Palm Oil (RSPO) sustainability certification was suspended by the organisation in April.
The sanction has added downward momentum to the company's share price which was already trending down owing to the slump in crude palm oil (CPO) prices.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
