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Reuters reveals Ferrero to stop buying palm oil from Malaysia’s Sime Darby over labour concerns

May 5, 2022
in Finance News
0
Reuters reveals Ferrero to stop buying palm oil from Malaysia’s Sime Darby over labour concerns


Business & Finance

15 April 2022, 2:04 am. 1 minute

Reuters exclusively reported Italian confectionary giant Ferrero said it will stop sourcing palm oil from Sime Darby Plantation after the United States found the Malaysian planter used forced labour, in a reputational blow for the palm producer and for Malaysia. Labour practices across the Southeast Asian country have come under scrutiny in the past two years, with six companies including Sime Darby banned by U.S. customs over forced labour allegations.

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