Unilever, the consumer goods group, is to sell its palm oil plantations based on the Ivory Coast. The group's edible oil business has a yearly turnover of £67 million. Last year, Unilever began its strategy to divest of businesses with a combined turnover of €2bn, but which are neutral to its operating margin due to costs that can't be covered.The sale of Unilever's edible oil business includes its interests in local oil palm plantations, Palmci and PHCI. The buying arrangements comprise a 50:50 joint venture between SIFCA and two Singapore-based companies, Wilmar International and Olam International.