Bunge And Musim Mas Collaborate To Make Palm Value Chain More Sustainable
Portfolio Pulse from Benzinga Newsdesk
Bunge (NYSE:BG) and Musim Mas Group have announced a partnership to train over 1,000 smallholder farmers in sustainable palm oil production in West Kalimantan, Indonesia. The program, which is co-funded by both companies, will run through 2025.
November 15, 2023 | 12:22 pm
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Bunge's collaboration with Musim Mas to train smallholder farmers in sustainable palm oil production could enhance its corporate responsibility profile and potentially improve long-term supply chain sustainability.
The partnership with Musim Mas is likely to have a positive impact on Bunge's stock in the short term due to investor interest in sustainable and responsible business practices. This initiative could improve Bunge's reputation and potentially lead to more efficient and sustainable supply chains, which are increasingly valued by consumers and investors alike.
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IMPORTANCE 60
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