Palm oil supplier IOI Corporation Berhad has ditched plans to sue the Roundtable on Sustainable Palm Oil (RSPO), saying it has “engaged” with customers, NGOs and the RSPO to resolve the matter.
There were more twists and turns this week in the controversy surrounding the IOI group, which was suspended by the Roundtable on Sustainable Palm Oil (RSPO) last month.
Nestlé is cutting ties with palm oil supplier IOI. No new contracts will be awarded to the Malaysian firm and all existing ones will be “phased out” by the end of August, explained senior corporate spokesperson Nina Caren Kruchten in an email to FoodNavigator.