Oil Palm Uganda Limited, owned by the Singaporean company Wilmar in association with BIDCO, holds a 10,000 hectare concession in Uganda. The government has agreed to source an additional 30,000 hectares, with 20,000 hectares for the nucleus estate and 10,000 hectares for outgrowers and smallholder farmers.
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.
Where to buy palm oil in South Africa?
South Africa is one of the world¡¯s leading palm oil producers and consumers. There are many places to buy palm oil in South Africa, but some of the best options include local food stores, supermarkets, and online retailers. Some of the most popular brands of palm oil products in South Africa include Guardian, RSPO, Musina, and Green Choice.
Which FMCG companies are affected by rising palm oil prices?
Leading FMCG companies, including GCPL, Dabur, and Marico, foresee margins and profits being affected due to rising palm oil prices, higher input costs, and increased advertising expenses in the September quarter.