But only time will tell if its new terms of trade can be accepted, said its chief executive officer Tan Sri Yusof Basiron, referring to the fact that Roundtable on Sustainable Palm Oil-certified palm oil, which is being promoted by the WWF, has only received half-hearted purchases. He was responding to a question on whether Wilmars pledge with Unilever and WWF amounted to unjustified trade barriers that will severely curtail oil palm farmers earning ability. Last week, Sarawak Oil Palm Plantation Owners Association (Soppoa) strongly rejected the deal as discriminating against the states palm oil supply. Soppoa manager Melvin Goh reportedly said Wilmars pledge is the start of a stranglehold on oil palm farmers being coerced into a path that will kill the industrys growth.
Posted on: Fri, 24 Jan 2014 09:58:12 +0000
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