The maker of Lux and Lifebuoy said the innovation, dubbed Stratos , took HUL almost five years to develop. Palm oil and its derivatives account for over 20% of the input costs of consumer companies, including HUL, and are among the most volatile of their inputs. Prices of palm oil trebled in the first two years of the pandemic but fell in 2023, although they’re still 80% up from pre-Covid levels. High TFM has traditionally been incorrectly equated with superior soap quality, said HUL. Palm oil plantations are under increasing scrutiny for their effects on the environment, including deforestation, with massive tracts of land cleared for the trees.

Source: Economic Times June 13, 2024 08:47 UTC