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Business Standard
5 days ago
- Business
- Business Standard
Indian vegetable oil body demands review of Nepal imports, packaging rules
The Indian Vegetable Oil Producers Association (IVPA) on Friday called on the government to review duty-free imports of refined oils from Nepal and reinstate standardised packaging for edible oils, saying current policies hurt domestic processors. The demands came at the end of a two-day global roundtable marking IVPA's 50th anniversary, where the industry body highlighted concerns over Nepal's exports flooding northern and northeastern Indian markets. "This not only undercuts domestic processors and refiners but also suppresses farmgate prices for oilseeds and contributes to underutilisation of processing capacities," IVPA said in a statement. The association proposed channelling zero-duty imports through government agencies like the National Agricultural Cooperative Marketing Federation of India (Nafed) and other state agencies as a potential solution. IVPA also urged the government to reintroduce standard packaging sizes for edible oils, saying the current variety of pack options creates consumer confusion over pricing. On market outlook, IVPA said palm oil prices remained consolidated around current levels, with discounts to soybean oil likely to persist. It predicted Indian mustard price rallies would cool as the government releases stocks. Globally, sunflower oil prices may ease as Black Sea region crops return to normal levels, the association said. IVPA President Sudhakar Desai led the event discussions. The association emphasised that given increasing global biofuel mandates, India should pursue higher domestic oilseed production through incentivised minimum support prices.
Time of India
5 days ago
- Business
- Time of India
Malaysia's palm oil share in India up 35%; festive demand to increase share: Palm Oil Council
New Delhi: Malaysia's share of palm oil in India increased 35 per cent in the first half of 2025 on the back of strong demand, the Malaysian Palm Oil Council ( MPOC ) said at an industry event late Thursday. Palm oil is a key ingredient for FMCG companies and used extensively for baked goods, snacks, personal care products and cosmetics. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Design Thinking others healthcare Leadership Public Policy Digital Marketing Technology Healthcare Artificial Intelligence PGDM Management Project Management Cybersecurity MBA Data Science Finance Data Science Product Management Others MCA Degree Operations Management CXO Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The MPOC said it supplies 2.5 million MT of palm oil to India annually at an Indian Vegetable Oil Producers' Association (IVPA) global roundtable. 'Our monthly exports have rebounded to 2,50,000 MT in May and June 2025 after a brief slowdown following the October 2024 peak. We anticipate this positive trend will persist into the third quarter, driven by price competitiveness, and festive restocking ahead of Diwali', Belvinder Sron, chief executive officer of MPOC, said in a statement. 'Over the past five years, Malaysia's crude palm oil exports to India have averaged 2.5 million MT annually. Our market share in India has grown from 30% in 2023 to 35% in the first half of 2025 and we expect this upward trajectory to continue through the end of the year,' Sron said. Live Events The MPOC has formalised a collaboration with the vegetable oil producers' association for nutritional and sustainability credentials of Malaysian palm oil, the association said in the statement. As the world's second largest palm oil producer—with a 24% share of global production and an output of 19.34 million MT—Malaysia remains a consistent supplier to India. 'After a July 2025 import duty adjustment, Malaysian crude palm oil is now the most competitively priced edible oil in the Indian market, according to the statement. The entities also announced a collaboration with IVPA for joint advocacy on regulatory issues and a consumer education campaign focused on industry outreach.
News18
6 days ago
- Business
- News18
India, Indonesia palm oil groups sign pact to deepen economic ties
New Delhi, Jul 24 (PTI) The Indian Vegetable Oil Producers' Association (IVPA) and Indonesian Palm Oil Association (IPOA) on Thursday signed a three-year pact here to deepen economic ties and ensure food security. The memorandum of understanding aims to strengthen collaboration in the palm oil sector, which forms the backbone of the edible oil trade between the two nations. India imports over 60 per cent of its edible oil requirements, with Indonesia serving as its largest palm oil supplier for more than a decade, according to industry body SEA India. The agreement formalises this relationship, while focusing on sustainable practices and stable supply chains. 'Today's MoU signals our shared commitment to a future-ready, transparent palm oil supply chain that benefits consumers and producers alike," said Sudhakar Desai, President, IVPA, at the signing ceremony. The agreement outlines five key areas of cooperation — technical exchange and research & development, sustainability initiatives, policy coordination, food security measures, and market intelligence sharing. Both associations will focus on promoting certified sustainable palm oil while including smallholder farmers in the value chain. M Fadhil Hasan, Head of Foreign Affairs, IPOA, emphasised Indonesia's commitment to supporting India's food security goals. 'We look forward to advancing India's food security and climate goals through a reliable, responsibly sourced palm oil supply," he said. Speaking at the conference, Hasan added that palm oil remains vital to Indonesia's economy. 'Through ISPO certification, forest conservation measures, and responsible production, we aim to support India's food security and climate goals. While challenges like smallholder compliance remain, this partnership will drive innovation and inclusive policies for a resilient supply chain." IPOA Chairman Eddy Martono highlighted the strong bilateral trade relationship between the countries. 'In 2024, our bilateral trade reached USD 26 billion, including USD 20.3 billion in exports from Indonesia to India and USD 5.7 billion in imports from India, leading to a trade surplus of USD 14.6 billion in Indonesia's favour. Palm oil and its derivatives alone accounted for USD 4.4 billion, highlighting its key role in our economic ties," Martono said. Globally, palm oil accounts for 39.5 per cent of vegetable oil production, with Indonesia contributing 58 per cent of global exports. The Indonesian palm oil industry spans 16.38 million hectares, 7.4 per cent of the country's land area, with private firms holding 52.3 per cent, smallholders 41.3 per cent, and state enterprises 6.4 per cent. The agreement is supported by ongoing engagement between the Indian Ministry of Commerce & Industry and the Indonesian Ministry of Trade, complementing India's National Edible Oil Mission and Indonesia's export decarbonisation goals. A bilateral working group will oversee the MoU's implementation, provide annual progress reports, and represent joint positions on global platforms. The partnership is expected to enhance supply chain resilience while advancing sustainability goals in the palm oil sector. PTI LUX BAL BAL view comments First Published: July 24, 2025, 23:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
6 days ago
- Business
- The Hindu
Pass on benefits of import duty cuts in edible to consumers: Minister to industries
Union Food Minister Pralhad Joshi has asked edible oil industry to be prompt on passing the benefits of duty reduction on crude edible oils to consumers to ensure that consumers experience a corresponding decrease in retail prices. He was addressing a round-table meeting organised by the Indian Vegetable Oil Producers' Association (IVPA) here on on Thursday (July 24, 2025). Mr. Joshi asked the IVPA members to focus on value addition through processing and refining, support innovation to increase efficiency and productivity. He said the industries can work with Primary Agricultural Credit Societies and Farmers' Producing Organisations to actively encourage precision agriculture, artificial intelligence in crop management, sustainable farming techniques, promote high-yield varieties of oilseeds and strengthen the post-harvest value chain. He said through policy innovation, increased investment in agri-tech, and public-private collaborations, India can remain competitive in the global vegetable oil market while securing domestic needs. The Minister said in the last ten years, production of oilseeds increased by 44% from 275 lakh metric tonnes (LMT) in 2014-15 to 397 LMT in 2023-24 and yield increased by 22% from 1,075 kilograms per hectare in 2014-15 to 1,314 in 2023-24. 'Export of oil meals, oilseeds and minor oils was about 5.44 million tons in the financial year 2023-24 valued at ₹29,587 crore,' he said adding that India today stands at a critical juncture in the global edible oil trade, being one of the largest consumers and importer of vegetable oils. 'We import approximately 56% of our edible oil requirements,' he said. Food Secretary Sanjeev Chopra told reporters on the sidelines of the meeting that the Union government will notify a new order to regulate vegetable oil products with modern, transparent and technologically advanced provisions. The 2025 Vegetable Oil Products, Production and Availability Regulation Order, the secretary said, will replace the 2011. 'The associations have been consulted. It's in the final stages now, probably by next week it will be notified,' Mr. Chopra said.
The Print
6 days ago
- Business
- The Print
Govt to notify new vegetable oil regulation order next week: Food secretary
'The associations have been consulted. It's in the final stages now, probably by next week it will be notified,' Chopra told reporters on the sidelines of the fourth edition of Indian Vegetable Oil Producers' Association (IVPA) Global Roundtable. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order will replace the existing 2011 order and emphasise enhanced monitoring of edible oil imports, production, stocks and sales through digital tools. New Delhi, Jul 24 (PTI) The government will notify a new order next week to regulate vegetable oil products in India with modern, transparent and technologically advanced provisions, Food Secretary Sanjeev Chopra said on Thursday. The new regulation makes it mandatory for the industry to report production, sales and pricing figures. 'Right now we are groping in the dark because we are dependent on the association for the data,' he said. Addressing the event, the secretary said the VOPPA framework will track production, pricing and availability in real-time, providing critical data to industry stakeholders while improving compliance, market monitoring, and product integrity. On import duty cuts in crude edible oils, Chopra said the government has implemented calibrated customs duty reductions to cushion the impact of global fluctuations and ensure affordability. The government is monitoring market dynamics, conducting nationwide inspections and working with industry associations to ensure duty cuts are 'swiftly passed on' to customers for fair price discovery across the supply chain. While overall food inflation remains at its lowest since 2021, edible oil has seen 20-30 per cent annual inflation except groundnut oil, which remains a concern for the government. Mustard oil prices remain firm, though government agencies like Nafed have a stock of 7 lakh tonnes of mustard seed, which should help ease pressure on rates. Stressing on achieving self-sufficiency in domestic oilseeds and edible oil production, Chopra acknowledged significant challenges ahead. The average yield of major oilseeds such as soybean, sunflower and mustard in India is very low compared to global averages. 'It requires substantial investment in research and development, infrastructure development and adoption of modern agricultural practices,' he said. Newly developed Indian varieties demonstrate genetic potential on par with top-performing countries globally. Scaling up production through enhanced seed replacement rates and widespread distribution are crucial steps forward. The government has launched schemes such as Pradhan Mantri Dhan-Dhaanya Krishi Yojana and National Mission on Edible Oils-Oilseeds to increase yields and production. US Soybean Export Council Regional Director Kevin Roepke said no country can be self-sufficient in everything and suggested that the US has potential to increase soybean oil exports to India from current levels. The event was attended by Godrej Industries Group Chairman and Managing Director Nadir B Godrej, IVPA President Sudhakar Desai, and ITC Ltd Agri and IT Businesses Group Head S Sivakumar. Desai said the country's edible oil imports have declined about 8 per cent over the past six months but are showing signs of recovery with softening international prices. Mustard markets have been firm amid speculation of a lower crop, and there may be a need for a calibrated release of government stocks to moderate this trend, he said. 'The global vegetable oil sector continues to be shaped by evolving supply-demand dynamics, price volatility, and shifting geopolitical tensions,' Desai noted, adding in such a volatile context, data-driven dialogue becomes essential. PTI LUX TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
