From spreads to shampoo, palm oil is part of everyday life -Breaking
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© Reuters. FILEPHOTO: An Indonesian woman looks for cooking oils made from oil palms in a Jakarta supermarket, February 27, 2022. REUTERS/Willy Kurniawan(Reuters) -Indonesia’s plan to ban palm oil exports will deal a blow to the world’s top food and consumer products companies including Unilever (NYSE:), Procter & Gamble (NYSE:) and Nestle.
More than half the world’s edible oil supply is from Indonesia, and it can be found in many products, including cakes, cookies, chocolate and frying oils, as well as cosmetics, soaps, shampoos and cleaning products.
It’s also a key ingredient in Ferrero Rocher chocolates as well as Nutella spread. This gives them a more smooth texture and a longer shelf life.
This summary shows how much palm oil is used in the United States, as compiled from the most current data.
UNILEVER
Unilever claimed in 2016 it consumed about 1 million tonnes and derivatives of crude palm oils and about 0.5million tonnes of crude Palm kernel oil and their derivatives.
The company claimed that it was the largest consumer of palm oil physically certified in the consumer goods market.
However, the company refused to provide more current data.
NESTLE
According to its website, KitKat’s chocolate bar maker bought 453,000 tonnes and more of palm oil and kernel oil in 2020. Most of these were from Indonesia and Malaysia.
The company uses 88 suppliers, including more than 1,600 mills from 21 countries. The company also purchases from Latin America and Africa.
PROCTOR & GAMBLE
A company document revealed that the company had used 605,000 tonnes of palm and palm kernel oils and derivatives during its fiscal year 2020-2021. It’s used in the company’s fabric, home care and beauty products.
Global palm oil production is about 0.8% sourced from its purchases. The firm also makes palm oil derivatives that it does not use. About 70% of the palm oil it uses is from Malaysian and Indonesian refineries.
MONDELEZ INTERNATIONAL
The Oreo cookie maker said that it purchases “large quantities” of palm oil in a securities filing.
According to the company’s website, it accounts for 0.5% global palm oil consumption.
DANONE:
Danone stated that it bought 71,000 tonnes total palm oil in 2018
FERRERO:
According to Nutella, the Italian manufacturer of Nutella found that 85% of its palm oils were sourced from Malaysia while 9% was sourced from Indonesia.
L’OREAL:
L’Oreal stated in 2021 it had purchased less than 315 tonnes of palm oil, and used from its suppliers ingredients, including derivatives, equivalent to 71,000 tonnes.
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