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Palm Oil Leader Wilmar Bans Deforestation in Sustainability Push

Wilmar International Ltd., the largest palm-oil trader, is pursuing efforts to reduce deforestation and make its products more sustainable.

The company will ensure that its plantations and suppliers protect some forests and abstain from using fire to clear land, Singapore-based Wilmar said today in a statement. It also bans development on high-carbon-stock landscapes including peatlands as part of a larger conservation effort.