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Malaysia palm oil firm denies breaching Indonesia's forest ban
20.06.2011 10:36 "Agro Perspectiva" (Kyiv) —
Malaysian palm oil
firm Kuala Lumpur Kepong (KLK) denied on Monday it had
breached Indonesias two-year forest clearing ban on the
first day it was signed to law, calling the allegation by an
environmental group «preposterous».
But Malaysias third-largest listed planter said it stopped
an «over eager» contractor from making an unauthorised
clearing of a small logged over area that is a small part of
one of its concessions in Borneo island.
London-based Environmental Investigation Agency (EIA)
said last week they had evidence that KLK burnt peat forest
under a moratorium zone in central Kalimantan province in
Borneo a key region undergoing rapid estate expansion.
MARKET NEWS
3 There appears to be more scrutiny on palm firms after Indonesia,
in a concession to planters, revealed a list of exemptions
to its much delayed two-year forest moratorium
on logging that came into effect on May 20.
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