Citigroup

U.K. retailer, Citigroup take actions against palm oil

It was a tough week for the multibillion-dollar palm oil industry. A British grocery chain with 900 stores said it would remove all palm oil from its branded products by the end of 2018, and Citigroup announced it would suspend loans to IndoAgri, the agribusiness arm of Indonesia’s largest conglomerate, the Salim Group. No paywall