SEA (India), APOA, and Indonesia’s IPOA signed a three-year MoU to strengthen palm oil trade and cooperation.
IPOA will provide India with technical know-how and trade support to boost palm oil industry growth.
The partnership aims to ensure stable palm oil supply, promote sustainability, and enhance regional cooperation.
India’s palm oil imports rose 16% in August to 9.9 lakh tonnes, the highest in over a year.
Leaders said the MoU will help secure affordable, high-quality supplies and build consumer awareness on sustainable palm oil.
The Solvent Extractors Association of India (SEA), the Asian Palm Oil Alliance (APOA), and the Indonesian Palm Oil Association (IPOA/GAPKI) have inked a tri-party agreement to deepen economic ties, support responsible growth, and ensure more stable palm oil supply chain across the region.
Under the Memorandum of Understanding (MoU), which was inked on Wednesday and valid for three years, IPOA will support India's Palm Oil industry with technical knowhow and trade falicitations.
"We welcome this partnership with IPOA and APOA as an important step in deepening India's engagement with Indonesia and other Asian partners. This MoU will strengthen India's access to affordable, high-quality palm oil while enabling Indian stakeholders to benefit from Indonesia's expertise in sustainable palm oil production.
"It will also create opportunities for trade and technical cooperation that bring greater stability to India's edible oil sector," SEA President Sanjeev Asthana said in a statement.
India meets over 60% of its edible oil demand through imports, with Indonesia consistently serving as its largest supplier of palm oil for more than a decade.
In August, India's palm oil imports rose nearly 16% to 9,90,528 tonnes -- the highest in over a year -- highlighting its role in meeting the country's edible oil needs.
"This MoU marks a milestone for palm oil-consuming countries across Asia. By working with IPOA and SEA, APOA will help ensure secure supplies, stronger regional cooperation, and wider consumer awareness. Our focus is to represent the voice of Asian consumers while advancing sustainability and inclusive growth in palm oil trade," APOA Chairman Atul Chaturvedi said.
