Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Erdogan to rid Turkish institutions of ‘separatist cancer’ after coup attempt

Read more

ENCORE!

The best of summer music festivals in France

Read more

FRANCE IN FOCUS

Going for gold: French athletes train for Rio Olympics

Read more

#TECH 24

Digital beauty

Read more

FOCUS

Women doctors in Pakistan challenge the status quo

Read more

BUSINESS DAILY

Trump hopes to reset America's trade relations

Read more

IN THE PAPERS

'Donald Trump's speech was just another scam'

Read more

IN THE PAPERS

Cazeneuve at the heart of Nice security controversy

Read more

EYE ON AFRICA

South Africa: Prosecutors seek longer sentence for Oscar Pistorius

Read more

France

French Senate approves 'Nutella' tax hike

Text by News Wires

Latest update : 2012-11-15

The French Senate on Wednesday approved the so-called Nutella tax, an amendment quadrupling the tax on palm oil that is aimed at curbing consumption of the saturated fat. The measure must pass another vote in the Senate and in the lower house.

The French Senate approved Wednesday the so-called Nutella amendment that would quadruple the tax on palm oil, a key ingredient in the chocolate spread, to discourage consumption of the oil rich in saturated fat.

The amendment which would take the tax on palm oil from around 100 euros ($128) now to 400 euros was approved by a vote of 212 to 133 despite protests from major palm producing nations Malaysia and Ivory Coast.

Socialist deputy Yves Daudigny said "palm oil is the most rich in saturated fats and its harmful effect on health has been established."

Malaysia, the world's number two palm oil producer, has called the move against the oil unfounded and irresponsible, noting that the French get most of their saturated fats from eating meat and cheese.

Ferrero, the maker of Nutella, has said it won't change the recipe of the product as using palm oil means it doesn't need to hydrogenate the oil, which causes trans fatty acids which are also notoriously unhealthy.

"Even if this tax is approved we won't modify our recipe," the head of Ferrero in France, Frederic Thil, was quoted as saying last week in the Le Parisien newspaper.

Industry experts cited by the newspaper estimated that the tax would add about 6 cents to the cost of a kilogramme of Nutella, less than one percent of its retail cost.

Palm oil is found in many other snacks such as cookies, cakes and chips.

Senators will have another chance to vote on the amendment and it will still need to be considered by the lower house, the National Assembly.

(AFP)

Date created : 2012-11-15

  • FRANCE

    French lawmakers debate ‘Nutella tax’

    Read more

COMMENT(S)