Home / Business and Economy / Palm Oil Associations Ink Landmark Deal to Boost Sustainability
Palm Oil Associations Ink Landmark Deal to Boost Sustainability
24 Jul
Summary
- Associations sign MoU to promote certified sustainable palm oil
- Focus on technical exchange, sustainability, policy, food security, and market intelligence
- Commitment to include smallholder farmers in the value chain
In a significant development, the Indian Vegetable Oil Producers' Association (IVPA) and the Indonesian Palm Oil Association (IPOA) have signed a Memorandum of Understanding (MoU) to promote a future-ready, transparent palm oil supply chain. The agreement outlines five key areas of cooperation, including technical exchange and research & development, sustainability initiatives, policy coordination, food security measures, and market intelligence sharing.
Both associations have committed to focusing on certified sustainable palm oil while ensuring the inclusion of smallholder farmers in the value chain. IVPA President Sudhakar Desai emphasized that the MoU signals a shared commitment to a supply chain that benefits consumers and producers alike.
IPOA's Head of Foreign Affairs, M Fadhil Hasan, expressed Indonesia's support for advancing India's food security and climate goals through a reliable, responsibly sourced palm oil supply. The partnership aims to strengthen the palm oil industry's sustainability and transparency, ultimately contributing to the well-being of producers and consumers.
