January 5

Agribusiness Giants ADM, Bunge Trading in ‘Conflict’ Palm Oil, New Human Rights Report Says

By Hans Nicholas Jong

US agribusiness giants Archer Daniels Midland (ADM) and Bunge are buying palm oil from mills in Indonesia that have been publicly linked to land and human rights violations and environmental destruction, a new report alleges.

Both companies are major players in the global palm oil industry, buying from 800 to 1,000 palm oil mills in Indonesia, the world’s biggest producer of the commodity. ADM is a major shareholder in Wilmar International Limited, the world’s biggest palm oil trader, while Bunge has a 70 per cent stake in industry giant IOI Loders Croklaan.

Photo courtesy of CIFOR.

Source: Eco-Business (link opens in a new window)

Agriculture, Environment