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.
  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Take The Hint

    Take The Hint

    Christine Esposito, Associate Editor||March 13, 2017
    Water brand forays into sun protection by capitalizing on scent and experience.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?