Olam says it has no direct operational exposure to Indonesia's fires

The Business Times reports Olam Group answered Singapore Exchange Regulation's haze queries by saying neither it nor Olam Agri owns or operates Indonesian oil palm plantations or concessions. Olam said Agri sources about 70% of its global palm oil volume from Indonesia but operates mainly as a trader, sourcing from third-party refineries. The group said it knew of no formal regulatory inquiries relating to the fires and expects no material impact.