Koon Yew Yin's Blog
US banned imports of Malaysian palm oil - Koon Yew Yin
Koon Yew Yin
Publish date: Thu, 31 Dec 2020, 09:27 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
The United States has banned imports of palm oil from Malaysian producer *Sime Darby Plantation Bhd* over allegations of forced labour in the production process, according to the US Customs and Border Protection. The agency said it has issued a "withhold release order", which will allow it to detain shipments based on suspicion of forced labour involvement under long-standing US laws aimed at combating human trafficking, child labour, and other human rights abuses.
This is so ridiculous if you look at how US practice Human Rights in USA.
The United States continued to move backward on human rights at home and abroad in the last 4 years of President Donald Trump’s administration. With Trump’s Republican party controlling the legislative branch, his administration and Congress were able to pass laws, implement regulations, and carry out policies that violate or undermine human rights.
State and federal jails and prisons continue to hold over 2 million people, with another 4.5 million on probation or parole. Women are the fastest growing correctional population nationwide, increasing by more than 700 percent between 1980 and 2016. Oklahoma incarcerates more women per capita than any other US state. In September, Human Rights watch documented the lasting harm of jailing mothers pretrial, many of whom simply cannot afford bail in that state.
US has so many disagreements with China. One of them is Human Rights abuse in Xinjiang where the majority of the citizens are Muslim.
When and where did the US want to protect the Muslims so much???
Remember the US killed millions of Muslims in the Middle East.
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Discussions
Be the first to like this. Showing 12 of 12 comments
us dont buy our palm oil, I cannot afford to eat kfc. McD, coca cola, starbuck coffee, ford ....
2021-01-01 21:28
Poor msia will become poorer with thus ban.....Also after paying rm300mil to rich neighbour Singapore
......to poor to build 21st Century hsr
Gets poorer
2021-01-02 08:58
With lower than 1.5 million tons of cpo inventory, rm4000 foreseen eng eng nia this month.
2021-01-02 09:05
US will only lift the ban after they buy in simeplant cheap. The players there must pass them all their tickets latest by q3 2021 I hope
2021-01-02 09:08
2 fundamental flaws in kyy argument
1 ban is for sime Darby palm oil, not Malaysia palm oil
2 one wrong doesn't negate another wrong. You cannot argue that one's accusation is unfair because the accuser himself is wrong in other matters.
To me, its simple though painful. Malaysia has to grow up and with it have higher standards of decency in treating its workers. That will mean less profit and unable to compete with other poorer countries (high school drop oout rates) that r willing to work in slave like conditions ( in modern standards). Only for Malaysia is to innovate using technology and create value added products and services. Its painful in the beginning especially for shareholders but its good for the country and the growing number of educated citizens.
2021-01-02 09:32
Alamak! Kyy can’t stop the uptrend price of soybean oil , now trade at 43.33 usd for jan contract which means higher cpo price forseen.
2021-01-02 09:44
agree with @drobertp40 ,kyy thinks with no logic, and he is not so well informed.
2021-01-02 10:54
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