Indonesia's plan to ban palm oil exports will deal a blow to the world's top food and consumer products companies including Unilever ULVR.L, Procter & Gamble PG.N and Nestle NESN.S.
Indonesia counts for more than half of the global supply of the edible oil, which is used in everything from cakes, chocolate, margarine and frying fats to cosmetics, soap, shampoo and cleaning products.
It is also key to Ferrero Rocher chocolates and Nutella spread, giving them a smooth texture and longer shelf life.
Here is a summary of how much palm oil companies use, based on the most up-to-date data available:
UNILEVER
Unilever said in 2016 that it used about 1 million tonnes of crude palm oil and its derivatives and about 0.5 million tonnes of crude palm kernel oil and its derivatives.
It said it was the largest user of physically certified palm oil in the consumer goods industry.
The company declined to give more up-to-date data.
NESTLE
In 2020, the maker of KitKat chocolate bars bought about 453,000 tonnes of palm oil and palm kernel oil, mostly from Indonesia and Malaysia, its website says.
It uses about 88 suppliers from more than 1,600 mills in 21 countries. It also buys from Latin America, Africa, and other parts of Asia.
PROCTOR & GAMBLE
The company used about 605,000 tonnes of palm oil and palm kernel oil, and their derivatives, in its 2020-2021 fiscal year, a company document showed. It is used in its fabric and home care categories and beauty products.
Its purchases account for about 0.8% of global palm oil production and it sells palm oil byproduct it cannot use. Some 70% of its palm oil is sourced from refineries in Malaysia and Indonesia.
MONDELEZ INTERNATIONAL MDLZ.O
The Oreo cookie maker said that it purchases “large quantities” of palm oil in a securities filing.
It accounts for 0.5% of palm oil consumption globally, according to its website.
DANONE DANO.PA:
Danone said it purchased a total of 71,000 tonnes of palm oil in 2018.
FERRERO:
The Italian maker of Nutella sourced 85% of its palm oil supplies from Malaysia and only 9% from Indonesia in the first half of 2021, according to its website.
L'OREAL OREP.PA:
L'Oreal said in 2021 that it purchased less than 310 tonnes of palm oil and also used, from its suppliers, ingredients including palm derivatives in a quantity equivalent of 71,000 tonnes.
Reuters
Mon Apr 25 2022
A woman shops for cooking oil made from oil palms at a supermarket in Jakarta, Indonesia. - REUTERS
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.