KUALA LUMPUR: While the export of Malaysian palm oil to the United States is of an insignificant amount, the effect from the US’ move to ban FGV Holdi...
While the export of Malaysian palm oil to the United States is of an insignificant amount, the effect from the US’ move to ban FGV Holdings Bhd’s palm oil and palm oil products on the industry’s reputation is of concern to the country.
The CBP’s Office of Trade directed the issuance of the order based on information that it had received which had allegedly raised concerns about allegations that the company had used forced labour in its production process. “They have not provided the evidence. But we are engaging with them and we are trying to engage with the CBP and I think the affected party is in talks with them too.
He added that a couple of months ago, the rubber industry/glove maker company Top Glove was affected by a similar ban, but the situation has been resolved.
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