Ferrero to stop buying palm oil from Malaysia's Sime Darby over labour concerns

Italian confectionery giant Ferrero said it will stop sourcing palm oil from Sime Darby Plantation (SIPL.KL) after the United States found the Malaysian planter used forced labour, in a reputational blow for the palm producer and 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