Sime Darby Plantation continues engagement with US CBP, to submit impact report in Q1 | Malay Mail

KUALA LUMPUR, Feb 18 — Sime Darby Plantation Bhd is continuing its engagement with the US Customs and Border Protection and expects to submit the report by Impactt Ltd in the first quarter this year.

Impactt is an ethical trade consultancy with specific expertise in detecting and remediating forced labour issues in company supply chains in line with the International Labour Organisation’s 11 indicators of forced labour. Revenue surged to RM18.69 billion versus RM13.08 billion previously while basic earnings per share stood at 32.60 sen against 17.20 sen before.Commenting on the CPO price outlook for this year, Sime Darby Oils Sdn Bhd managing director Mohd Haris Mohd Arshad said the commodity’s price was expected to range between RM5,000 and RM5,500 per tonne in the first half of 2022 before declining to RM3,000-RM3,500 per tonne as production recovers and labour shortage problem solved.

“We are probably going to see production remaining at the same level as in 2021, if not lower,” he said.

Source: News Formal (newsformal.com)

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