{
  "id": 15990395,
  "title": "No direct exposure to Indonesia fires, says Olam Group",
  "url": "https://urgent.news/2026/10/22/no-direct-exposure-to-indonesia-fires-says-olam-group",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T02:35:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/no-direct-exposure-to-indonesia-fires-says-olam-group"
  },
  "original_language": "en",
  "account": "Olam Group and Olam Agri, Singapore-based agri groups, stated that they do not own or operate any oil palm plantations or concessions in Indonesia. Consequently, they have no direct operational exposure to the recent forest and peatland fires in the country, according to a statement released on October 21. The announcement came in response to queries from the Singapore Exchange Regulation regarding potential contributions to transboundary haze in the region.\n\nOlam Agri, which was sold to a Saudi fund in April 2026, sourced 70% of its global palm oil volume from Indonesia. However, the group primarily functions as an intermediary trader, sourcing products from third-party refineries. Olam Agri does not own or operate oil palm processing facilities, mills, or refineries within Indonesia, and responsibility for fire prevention and management lies with upstream landowners and plantation operators.\n\nDespite the fires, Olam Agri manages environmental risks by monitoring, engaging with suppliers, and adhering to a responsible sourcing framework. The company was unaware of any material impact on its palm oil sourcing operations due to the recent fires and reported no formal regulatory inquiries, notices, or notifications related to the incidents.\n\nOlam Group's monitoring process involved reviewing fire alerts, stakeholder reports, and media coverage concerning forest and peatland fires in Indonesia. The group screened mills and corporate groups against its supply chain and engaged relevant suppliers and affiliated groups for clarification where necessary. Although several cases were clarified by the companies involved, others were under internal assessment or awaited further information from suppliers and affiliated groups. Olam Group does not anticipate any material operational, financial, legal, regulatory, or reputational impact resulting from the fires. Its shares rose by $0.01 or 1.1% to $0.91 following the announcement.",
  "summary": "Olam says it manages upstream environmental risks through monitoring, supplier engagement and a responsible sourcing framework.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "No direct exposure to Indonesia fires: Olam",
        "url": "https://urgent.news/2026/10/22/no-direct-exposure-to-indonesia-fires-olam",
        "published": "2026-10-22T01:32:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}