Tuesday, March 30, 2010

Breaking News-RTRS-Unilever: No plans to cut palm oil supply ties with IOI

KUALA LUMPUR, March 29 (Reuters) - Consumer goods giant Unilever said it would not cancel palm oil supply contracts with Malaysia's IOI and that it was confident the planter would address concerns over logging forests raised by a green group.
IOI Corp, Malaysia's No. 2 planter, had dismissed the report by Friends of the Earth that it cleared rainforests on Borneo island to expand, saying the allegations were inaccurate.