MalayMail-Feb 9

Major palm oil buyers are seeking to block FGV Holdings and Sime Darby Plantations from their global supply chain after the United States banned imports from the two Malaysian producers, four sources told Reuters. US food company General Mills said it has issued global “no buy orders” for both the companies, and the sources said other buyers have also requested suppliers to reduce or exclude FGV and Sime Darby products for supplies entering not only the United States, but also Europe, Australia and Japan. Palm oil is one of the world’s cheapest and fastest growing crops, but the industry has faced scrutiny over the years with rights groups blaming producers for vast deforestation in South-east Asia and exploitative labor practices.

Read more at: https://www.malaymail.com/news/malaysia/2021/02/09/buyers-shun-major-malaysian-palm-oil-producers-after-forced-labour-allegati/1948196