IOI

Industry observers say IOI Corp Bhd's brush with the Roundtable on Sustainable Palm Oil (RSPO) is not expected to affect the group's operations for now as it will merely delay the certification of new estates and do not expect the suspension to affect the group's operations. Given the group's willingness to work with RSPO, this issue will be resolved amicably in due course.The issue was expected to be resolved amicably in “due course” given the group's willingness to co-operate. IOI has so far obtained RSPO certification for seven out of its 12 palm oil mills in Malaysia and has set a target of having all of its 78 local estates audited by year-end (2011). In the event that the current issue was not resolved quickly, it could eventually affect IOI Corp's sales to key markets like Europe .