RI – India About to Make Sustainable Palm Oil Trade

RI – India About to Make Sustainable Palm Oil Trade

InfoSAWIT, JAKARTA –On Monday (16/7/2018) Memorandum of Understanding (MoU) was signed among Indonesian Palm Oil Board (IPOB), Solvent Extractors Association (SEA) India, and Solidaridad Network Asia Limited (SNAL) in the conference held in the office of Coordinator Ministry in Economy, Jakarta.

The MoU confirmed that Indonesian Sustainable Palm Oil (ISPO) and India National Palm Oil Sustainability Framework (IPOS) could be as the sustainable schemes to produce and trade palm oil between both countries.

Coordinator Minister in Economy, Indonesia, Darmin Nasution hoped that the cooperation among SEA, IPOB, and SNAL could strengthen the relationship between Indonesia and India to develop vegetable oil and the derivatives.

“The collaboration would keep going and become the profitable solution for both countries and could be the same commitment for both leaders of the countries,” Darmin said in the official statement toInfoSAWIT.

President of Solvent Extractors Association (SEA) India, Atul Chaturverdi,said, the agreement would give the access to sustainability in sustainable palm oil trade in the long term in Asia.

“I do believe that the synergy between ISPO and IPOS would protect the competitiveness of palm oil industries together, increase the readiness to face the future market demands, and fulfill the national commitment to the sustainable production and trade in palm oil," Atul said.

For information, Indonesia has become the biggest crude palm oil producer in the world within about 14,3 million hectare areas and the production reaching about 40 million tons. Palm oil is the source of vegetable oil that contributes to fulfill the people’s needs, both in cooking oil and other downstream products, and in bio-energy (biofuel).

The signing of MoU was witnessed by Coordinator Minister in Economy, Indonesia, Darmin Nasution; Managing Director Solidaridad Network Asia Limited (SNAL), Dr. Shatadru Chattopadhayay; President ofSolvent Extractors Association (SEA) India, Atul Chaturvedi;the representatives from Ministry of Agriculture, Ministry of Trade, Ministry of External Affairs, and the related ministry and institution, and the representatives of palm oil companies from India.

Besides signing the MoU, the delegations also discussed some issues about palm oil trade between Indonesia and India, the synergy of ISPO and IPOS sustainability, and the roadmap progress of cooperation in the future.

The next is that delegations of India would visit District of Sintang, West Kalimantan Province to meet the local government and visit the independent smallholders’ empowerment of  Solidaridad and Keling Kumang Group. (T2)


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