Blog: Palm oil could be next ingredient to be taxed
Dean Best | 13 November 2012
Food manufacturers in Europe many have cheered Denmark's announcement to scrap its tax on saturated fat but, further south, French politicians are debating a levy on another ingredient - palm oil.
A committee in the French Senate has put forward an amendment to a government bill containing a raft of proposals to increase taxes that would see the tax on palm oil reach 300%.
The Senate is set to vote on the package of proposals this week; if passed the bill will move back to France's National Assembly, back to the Senate for another reading and then again to the lower house for a final vote next month.
A tax on palm oil has presumably been put forward as a means of raising revenue as the French government looks to improve the country's finances and as a way of alleviating the food sector's impact on the environment in countries like Malaysia, where the ingredient is cultivated.
However, food manufacturers are likely to be concerned about another legislative proposal to hit the industry.
FoodDrinkEurope, the association that represents manufacturers in Europe, said yesterday it "welcomed" the Danish announcement to remove the fat tax. When contacted by just-food today, it refused to comment on the proposed palm oil levy in France.
"As this relates to a french tax the best contact would be the French national federation, ANIA," a FoodDrinkEurope official insisted.
ANIA could not be reached for comment at the time of writing.
The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....
Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....
As the UK starts to ponder what kind of a relationship it wants with the European Union post-Brexit, EU leaders have been lining up to warn that Britain will not be allowed to "cherry pick" deals and ...
Low food prices continue to hold back inflation rates in the UK as the supermarket price war continues in the face of rising import costs. ...
- Interview: Mondelez eyes sweet success in China
- The benefits of engaging staff in sustainability
- How food companies involve staff in sustainability
- Why Danone is withdrawing Dumex from Vietnam
- How PepsiCo is taking action on palm oil
- 2 Sisters chief Boparan buys Bernard Matthews
- Fonterra says value-added strategy paying off
- B&G Foods acquires ABF's US spice business
- General Mills profit falls as sales disappoint
- MP calls for probe into Bernard Matthews "sale"
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Global Foodservice Market 2016-2020
- Global Food and Drinks Closures: Performance and Opportunities
- Fast Food Restaurants in the US - Industry Market Research Report