Risk associated with Indonesian palm oil pegged at US$10 billion for firms
Companies that produce, source or use Indonesian palm oil could be exposed to US$10 billion due to reputational and market risks, according to a report published by Bloomberg.
CLICK HERE Palm oil price rises as demand grows in China and India
Crude palm oil (CPO) prices are expected to rise thanks to a rise in demand from India and China coupled with a drop in supply thanks to labor shortages caused by the pandemic, according to a report published by The Star.
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Givaudan cuts the ribbon on Changzhou fragrance production facility
Givaudan has opened its newest state-of-the-art fragrance production facility in Changzhou, China. The fragrance and flavor supplier said that China remains a key growth market for innovative and consumer-preferred fragranced products.
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Shiseido achieves 3D visualization of facial capillaries; technology to aid advancement in skincare offering
Shiseido has achieved successful 3D visualization of facial capillaries of the whole face using technology that will be used to help develop more specific skincare and offer ‘great leaps in vascular research.’
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The Body Shop Australia embraces circular beauty with repurposed fruit and veg line
The Body Shop Australia has unveiled a body care range based on ‘lumpy’ lemons and ‘wonky’ cucumbers, according to a report published by The Daily Mail.
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Evonik names first female regional chief for Asia
Evonik has named Shirley Qi Regional President for South East Asia, Australia and New Zealand and Head of Nutrition & Care for Asia Pacific, according to a report published by The Business Times.
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US CBP issues detention order on FGV palm oil over forced labor and child labor row
The US Customs and Border Protection Agency has announced that it will detain all palm oil and palm oil products made by Malaysia’s FGV Holdings, its subsidiaries and joint ventures, effective immediately.
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P&G ups investment in Turkey
Procter & Gamble is planning to up its investment in Turkey, according to a report published by the Anadolu Agency.
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Clarins launches first overseas lab in Shanghai to better understand Asian consumer
Clarins has opened up its first overseas laboratory, with the new centre based in Shanghai.
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Hyundai Department Group acquires SK Bioland for KRW120.5 billion
Hyundai Department Group is entering the beauty and health care category with the has purchase of SK Bioland for KRW120.5 billion, according to a report published by Pulse News.
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