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Markets Print edition: 2020-10-02

Palm oil giant hit with US ban

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WASHINGTON: The United States has banned imports from a Malaysian palm oil giant that supplies household titans like Procter & Gamble and Nestle over concerns its workers face physical and sexual violence and other abuses. US Customs and Border Protection (CBP) announced the ban on palm oil imports from FGV Holdings - one of Malaysia's top producers - on Wednesday following a year-long probe that also found indications the firm was witholding wages and using child labour.

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