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Global palm oil buyers hold off business with Malaysia's IOI

They are reluctant to mend ties despite industry watchdog's decision to reinstate plantation giant's green certification

Published Mon, Aug 15, 2016 · 09:50 PM
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Kuala Lumpur

LEADING global buyers of palm oil are holding off on mending business ties with Malaysian plantation giant IOI Group despite an industry watchdog's decision to reinstate the producer's green certification.

The Roundtable for Sustainable Palm Oil (RSPO) in April withdrew IOI's "sustainability certification" after allegations the company had illegally chopped down rainforests in Indonesia and planted palm crops on peatland.

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