RSPO suspension negative for IOI group

PETALING JAYA: The market views negatively the Friday announcement by the Round Table on Sustainable Palm Oil (RSPO) that it will suspend the RSPO certifications of the entire IOI group from April.

Analysts said while the sales premium from certified sustainable palm oil (CSPO) represents only a small percentage of IOI Corp Bhd’s revenue, the damage would be to the company’s reputation as a sustainable palm oil producer.