Breaking News

The Cost of Soap May Rise As Palm Oil Prices Increase

November 15, 2005

MALAYSIA: A rise in crude palm oil prices could lead to an increase in toilet soap prices, according to industry sources.
“The price of crude palm oil has increased. The impact of this raw material price increase has to be evaluated,” said a spokesperson for Hindustan Lever Ltd. (HLL), when asked about potential price hikes.
An official at Godrej Consumer Products Ltd. (GCPL) said the company is also evaluating the situation, but that it will not resort to price hikes until the HLL triggers it.
If the companies decide not to raise prices, their margins could be impacted if raw material prices continue to rise. If HLL does effect a price increase, it will be the first price increase in toilet soaps this year, executives said. HLL had raised prices of certain toilet soaps in December 2004 due to escalation in costs.
  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017