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RSPO suspension batters IOI Corp shares

US agribusiness conglomerate Cargill has decided to stop buying palm oil from it

Weather conditions have conspired against palm oil planters, and their fresh fruit bunches have not been as productive.

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...