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Malaysian, Indian trade groups to promote sustainable palm oil production

NEW DELHI, Sept 27 -- The Malaysian Palm Oil Board (MPOB) has signed an agreement with a leading industry group in India to promote sustainable palm oil production and trade.

The aim is to promote Malaysian Sustainable Palm Oil (MSPO) and Indian Palm Oil Sustainability Framework (IPOS) by harmonising the two sets of national standards and to facilitate Malaysian palm oil exports to India, MPOB director-general Dr Ahmad Parveez Ghulam Kadir said in a joint statement on Friday.

A memorandum of understanding to this effect was signed by MPOB with the Solvent Extractors' Association (SEA) of India and sustainability support organisation Solidaridad Network Asia Limited (SNAL) in Mumbai on Thursday.

It would lead to the joint promotion of IPOS-aligned and MSPO-certified palm oil in the Indian market and support small palm oil producers in Malaysia to produce sustainably, SEA said.

"There are plans to start promotional campaigns in India to close the gap between the issues of perception, allegations and the realities of palm oil," said the Indian industry group, which represents oilseed crushes.

This would help long-term sustainability of the palm oil sector in the region by reducing barriers and facilitating enhanced production and trade of sustainable palm oil, SEA president Atul Chaturvedi said.

National initiatives like MSPO and IPOS led by government and local stakeholders are key to a broad and inclusive transformation of the palm oil sector, Solidaridad Asia managing director Shatadru Chattopadhayay said.

"Asian stakeholders have decided to define for themselves what is sustainable for their producers and consumers. It is a movement that Solidaridad appreciates and seeks to support for making sustainability a local agenda from being perceived as a 'western agenda'," he said.

-- BERNAMA

 

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