FMCG Companies Hike Prices As Crude Palm Oil Costs Surge By 45.2%

In response to the recent rise in crude palm oil prices, several FMCG companies are preparing to pass the cost burden onto consumers. Many have already begun increasing the prices of soaps. Crude palm oil, a key raw material for certain products, has seen its price rise by 45.2% in the past three months. Hindustan Unilever (HUL) has already raised prices in the skin cleansing segment.