US bans palm oil imports from second Malaysian firm

Kuala Lumpur (AFP) – The United States has banned imports from a Malaysian palm oil giant whose products are found in numerous household goods over concerns that its workers face a litany of abuse. The move against Sime Darby Plantation, one of the world’s biggest producers, marks the second time the US has blocked shipments from a palm oil company in the Southeast Asian nation in recent months. Palm oil is a common ingredient in items ranging from processed foods to cosmetics, with Malaysia and neighbouring Indonesia producing 85 percent of the world’s supply. But activists have long claimed …

Read More

HEDGE accordingly