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.
Amid significant pressure on profits from its Splenda sucralose business, UK-based food ingredients group Tate & Lyle has this morning (21 April) announced plans to try to "maximise returns"....
Four campaign groups in the US have urged the country's Food and Drug Administration to close a "loophole" in regulations on food additives and bring the rules - due to be finalised by August next yea...
The Cargill meat processing facility in Hazleton, Pa., has become the company's first certified landfill-free production site. ...
- Nomad's post-Iglo opportunities
- Focus: Can Arla jump-start UK flavoured milk?
- Comment: Nestle reacts to world of 3G and Buffett
- PepsiCo underlines the challenge on health
- The just-food interview: Bega Cheese CEO
- Arla to launch protein dairy drink in UK
- Pork Farms' Kerry pastry deal nears green light
- Hershey cuts sales forecast on forex and China
- Bongrain investors approve name change
- Arla launches "nutrient-enriched" milk in UK