Nutella Tax on palm oil doesn’t go down well with manufacturers, consumers

IN France, the attacks against palm oil have lately come in two major forms the “Sans Huile de Palme” (palm oil free in French) logos now prominently stamped on many food cartons and the “Nutella Tax” which will see a 400% increase in tax imposed on palm oil.

Even though the tax amendment, which was approved by the French senate last week, is still up for consideration by the French lower house, the National Assembly, if it is approved, the tax for palm oil would jump to 400 euros per tonne from the current 100 euros.