PETALING JAYA: The moves by US food group Cargill Inc and Italian confectionary giant Ferrero to stop sourcing palm oil products from Sime Darby Plantation Bhd (SDP) are expected to have minimal financial impact on the plantation group.
Despite a potential knee-jerk reaction on the share price of SDP, Hong Leong Investment Bank (HLIB) Research believed that the group would be able to divert its products elsewhere, given the current tight supply of vegetable oils globally.
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