Unilever Executive: Not Resumed Palm Oil Purchases From Golden Agri-Resources
16 September 2011 - 2:48AM
Dow Jones News
Unilever PLC (UL) Friday said it hasn't resumed palm oil
purchases from Golden Agri-Resources Ltd. (E5H.SG) in Indonesia
after Nestle S.A. (NESN.VX) said it placed an order following
progress by the producer on environment and sustainability.
"Our position remains unchanged. We applaud (Golden
Agri-Resource's) words of commitment to sustainable practices," a
Unilever spokeswoman said in response to a query from Dow Jones
Newswires. "If these intentions are followed up by concrete actions
then Unilever will reconsider its position."
The spokeswoman didn't specify what those concrete actions
were.
Golden Agri-Resources Ltd. (E5H.SG) said Thursday Nestle has
resumed buying palm oil from its Indonesian unit after the supplier
made progress to comply with the Swiss food company's sourcing
guidelines.
-By Gaurav Raghuvanshi, Dow Jones Newswires; +65-6415-4154;
gaurav.raghuvanshi@dowjones.com
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