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Exploring HUL's strategy to reduce palm oil in soaps amidst fluctuating prices, APOA's concerns over the decision, challenges faced by Asian palm oil producers, and potential consequences of reducing reliance on palm oil for small-scale farmers.
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- HUL's Stratos project reduces palm oil in soaps to combat volatile prices and align with sustainability goals.
- APOA emphasizes sustainable palm oil production for economic development and environmental conservation, expressing concerns over HUL's decision to cut palm oil usage.
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HUL's Strategy to Reduce Palm Oil Usage
Hindustan Unilever (HUL) decided to decrease its reliance on palm oil by up to 25% in its soaps and substitute it with plant-based ingredients like vitamins and fatty acids. This move, known as Stratos, aims to combat the volatile palm oil prices due to various factors like delayed replanting, weather changes, and labor costs, which significantly impact HUL's input costs. Additionally, reducing palm oil usage aligns with HUL's sustainability goals, aiming to mitigate deforestation activities linked to palm oil production and improve its public image.
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