Tuesday, October 18, 2011

Golden Agri

Golden Agri: main subsidiary PT SMART announces that Unilever has resumed palm oil purchases with the co. Unilever contributed 3% of sales in 2008. While positive, the news is not entirely unexpected, as SMART has been in talks with Unilever on this since late Sep. This move follows SMART's Roundtable on Sustainable Palm Oil certification and Nestle's decision to resume palm oil purchases in early Sep.

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