Post To Source 100% Sustainable Palm Oil By Dec. 2016

Post Holdings Inc. , the consumer packaged goods company that's home to brands like Grape Nuts, Raisin Bran and Shredded Wheat breakfast cereals, has committed to using 100% sustainable palm oil globally by Dec. 2016. The company said its business units are "relatively minor users of palm oil," but they will only purchase it from sources that don't contribute to deforestation. Post is a member of the Roundtable on Sustainable Palm Oil and says it will work with its suppliers to support this effort. Post is up 43.7% for the year so far. The S&P is down 3.2% for the same period.