Mongabay: Cargill will sell off its palm oil holdings in Papua New Guinea (PNG) to focus on operations in Indonesia, reports the Star Tribune. The $175 million sale involves 62,000 ha of oil palm across three plantations and several mills. “We believe there is more value for our shareholders and customers in focusing on Indonesia,” said the company in a statement. “Our PNG oil palm plantations were the only investment we had in PNG. Since no other Cargill business is actively investing in PNG …