Synopsis

ET had reported that HUL is reducing use of palm and its derivatives in soap by 25% to offset volatility in commodity prices as well as for environmental reasons.

The Asian Palm Oil Alliance (APOA) has urged Hindustan Unilever (HUL) to reconsider its decision to decrease the palm oil content in its soaps by 25%, citing rising palm oil prices and environmental concerns. The move could have serious implications for millions of oil palm farmers worldwide, particularly smallholders, said APOA.

ET had reported that HUL is reducing use of palm and its derivatives in soap by 25% to offset volatility in commodity prices as well as for environmental reasons.