Sime Darby's Africa ambitions stall pending new deforestation rules - - News Summed Up

Sime Darby's Africa ambitions stall pending new deforestation rules -


A worker displays palm fruits at Sime Darby Plantation in Gbah, in Bomi County, Liberia December 30, 2017. REUTERS/Thierry GouegnonUndulating hills, a tropical climate and plenty of untouched land made the West African country’s interior ideal for palm oil growers running out of room in Southeast Asia. Nine years later, however, Sime Darby Plantation has planted only 10,000 hectares in Liberia and has not laid a seed in two years, stalled by uncertainties over new environmental standards. We have to balance our books or there is no future,” said David Parker, the head of Sime Darby Plantations in Liberia. The $62 billion palm oil industry is considering whether to adopt new “no deforestation” rules for an oil found on supermarket shelves across the world, from cooking oil to snack food and soups to soaps.


Source: GNN Liberia February 14, 2018 01:30 UTC


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