Palm oil imports in February fell about 36% from the previous month to 497,824 metric tons, the lowest since May 2023, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement.
Nestle said it is seeing less impact from freight costs than in previous years although there has been some stress from attacks on shipping in the Red Sea. Their comments follow British rival Unilever, the maker of Ben & Jerry s ice cream and Dove soap, which also said this month that price increases - which have helped fuel a protracted cost of living crisis - would start to ease.