Cargill steps back from palm oil deals with supplier in Guatemala

Cargill, the leading US trader of agricultural commodities, is calling off new business with Reforestadora de Palmas del Petén, known as Repsa, a Guatemalan palm oil business that's been accused of human rights and environmental violations.

Minneapolis-based Cargill said it wouldn't enter any new purchase deals with Repsa until the Guatemalan firm can meet the “requirements of our sustainable palm oil policy."

Source: Minneapolis Business Journal