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THE KEY POINTS
- MPOC and IVPA have teamed up to broaden the appeal of Malaysian palm oil to Indian consumers, food manufacturers, and other end users.
- The MoU's efforts to increase public awareness of Malaysian palm oil employ the Malaysian Sustainability Palm Oil (MSPO) certification criteria as a baseline. MSPO's objectives include showcasing sustainability practices in the Malaysian palm oil industry.
- In order to educate Indian customers on the nutritional and health advantages of palm oil, the MoU aims to foster an understanding of palm oil and its uses while emphasizing its benefits.
- It also aims to increase trade opportunities in the market by identifying, highlighting, and sharing the most recent MSPO opportunities for Malaysian palm oil in India.
- The agreement's goal is to familiarize the Indian palm oil processing sector with the most recent technological and commercial developments in the Malaysian palm oil sector and its research institutions.
- The MoU will encourage the exchange of information on palm, edible oil, and fat-related businesses in addition to technical, policy, and administrative data.
- To progress "Aatmanirbhar Bharat," MPOC will assist the Indian palm oil industry in acquiring technical know-how.
Indian Vegetable Oil Producers Association (IVPA)
Source: Safalta.comThe IVPA is a group that represents all stakeholders involved in the edible oil value chain. In India's edible oil and oilseed value chain, IVPA's purpose is to promote excellence, economic growth, and sustainability. The goal of IVPA is to speak with authority on behalf of the key players in the Indian oilseeds and oil industry.
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