D&L sees worst of cost pressures over as oil, coconut prices retreat

MANILA, Philippines – Lao family-led D&L Industries Inc. believes the worst of the recent commodity cost surge is over as prices of key raw materials continue to retreat from last year’s highs. Speaking after the company’s annual stockholders’ meeting, D&L president and CEO Alvin Lao said lower crude and coconut oil prices were improving conditions for the listed manufacturer. “It’s hard to predict, but I think the worst is over with a lower price of crude oil,” Lao said, adding that the softer-than-expected inflation reading in May also provided a positive signal for businesses and consumers. READ: Higher biodiesel blend of […]... Keep on reading: D&L sees worst of cost pressures over as oil, coconut prices retreat