Production of palm oil that complies with voluntary sustainability standards is growing at a faster rate than conventional production. Standard-compliant production increased by 110% from 2008 to 2016, while conventional production increased by 2%.
How will palm oil prices affect GCPL earnings?
Godrej Industries Group’s FMCG arm GCPL said it expects a "flattish" earnings growth in the domestic market in the September quarter as higher palm oil prices added to input costs. "Palm input costs have been rising since March and have risen in the high teens as of date.
Are we concerned about the sustainability of the oil palm industry?
Though we are happy at the moment, we are concerned about the sustainability,¡± Pullaiah, an oil palm farmer from Badradri Kothagudem district, told businessline.
How will rising palm oil prices affect FMCG?
Leading FMCG players expect rising palm oil prices, higher input costs and increased advertising and promotion expenses to impact their margins and profits in the September quarter.