Ministry of Trade Strengthens India Palm Oil Trade at Globoil India 2023

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Doc. of Ministry of Trade/ Jerry Sambuaga, Vice Minister of Trade Indonesian Republic at Globoil India 2023 conference in Mumbai.

PALMOILMAGAZINE, MUMBAI – Jerry Sambuaga, the Vice Minister of Trade of the Indonesian Republic, participated in the Globoil India 2023 conference held in Mumbai In September 2023,. During the conference, Jerry not only represented Indonesia but also was part of the same mission on behalf of the Council of Palm Oil Producing Countries (CPOPC) to India.

Jerry emphasized the strategic importance of the relationship between Indonesia and India in the palm oil sector. He pointed out that India holds a crucial position as a strategic partner for Indonesia, with palm oil exports amounting to a significant value of US$ 5.32 billion.

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This figure accounted for approximately 18 percent of Indonesia’s total palm oil exports to various countries. Additionally, Jerry highlighted the remarkable growth in palm oil exports from Indonesia to India in 2022, which surged by 62 percent compared to the previous year.

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He also told that palm oil sector played crucial roles in the economy of Indonesia by contributing about US$ 29,66 billion in 2022 exports and hired about 5,5 million workers.

“The revenue made palm oil products the first rank in export revenue from non – oil and gas sector for the past five years,” he said as in the official statement to, Monday (2/10/2023).

But in facing challenges such as negative campaign to palm oil industries, European Union Deforestation Regulation which potentially be palm oil export issue to the continent, Jerry said it is important to get collaboration in international level. He said to get sustainability in smallholders’ level, it needs to improve the governance, legal, technology, innovation and should be reinforced by the policies and regulation published by the government.

He said that it needs to deliver factual information about sustainable palm oil practices to deny every negative accusation about palm oil industries. He also took India that planned to start producing palm oil in the future and join CPOPC to fight palm oil discrimination to welfare the people and protect smallholders. (T2)

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