FRANCE: National assembly commission rejects palm oil tax increase
The French national assembly's social affairs commission has rejected a proposal to increase a special tax on palm oil from EUR100 (US$129) to EUR300 per tonne.
The so-called 'Nutella amendment' had been initiated by the French Senate and justified on the grounds of promoting healthier eating and combating obesity.
It was to have formed part of a bill containing a raft of tax measures - other products targeted being beer and energy drinks - designed to reduce France's social
A Senate spokesperson told just-food the commission's decision effectively spelt the end of the amendment.
The Assembly will next week give the bill its second reading, without the Nutella amendment, before being forwarded to the Senate.
"Even if the Senate rejects the bill again, the Assembly always has the last word and the final vote," the spokesperson added.
Last week, Ferrero published an ad in France's national press defending its use of palm oil in chocolate spread Nutella.
Ferrero France is expected to maintain its leading position in confectionery and spreads, thanks to its strong brands, high reputation and wide consumer base. The company is forecast to develop new re...
After two years of sluggish performance, chocolate confectionery has recovered somewhat, posting healthy value growth in 2011 and 2012. Consumers seem to have regained their interest in chocolate conf...
- Focus: Danone CEO Faber puts stamp on business
- Cleaning up Tesco will have mixed supplier impact
- The just-food interview: Doux CEO Arnaud Marion
- 2015 preview: A better deal for M&A sellers
- Interview part 2: BRF CFO Augusto Ribeiro
- General Mills outlines "aggressive" NPD drive
- Coles supplier payments broke competition law
- Lay's heads "billionaire food brands" list
- PepsiCo opens snacks plant in Saudi Arabia
- Wessanen to buy dairy-free drinks firm Abafoods