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The Cost of Soap May Rise As Palm Oil Prices Increase

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By: TOM BRANNA

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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 i...

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