6 days ago

India and Mozambique Explore Sustainable Oilseed Trade Corridor

India and Mozambique Explore Sustainable Oilseed Trade Corridor
SEA, Mozambique’s Nampula sign oilseed corridor pact as India eyes Africa for edible oil · thehindubusinessline.com

India uses edible oil to make many foods, but it currently depends heavily on a limited number of supply sources.

A group representing India’s oil industry wants to study buying more oilseeds from Mozambique.

The province of Nampula already has farmers growing crops such as groundnuts, soybeans and sesame.

It also has transport links to a port that could send products to India.

The two sides signed an agreement to study whether this trade route could work.

They will look at farming, storage, roads, shipping, costs and rules.

Sustainability groups will help ensure that farmers are treated fairly and forests are protected.

No final investment or commercial supply decision has been made yet.

Key facts

Agreement
Statement of Interest for an oilseed and vegetable-oil corridor
Exploration period
Three years
Mozambican province
Nampula
Existing crops
Groundnut, soybean and sesame
Transport route
Nacala Development Corridor and Port of Nacala
Potential activities
Cultivation, aggregation, crushing and refining
Sustainability focus
Land rights, farmer consultation, traceability, water management and forest protection

Quotes

Angshu Mallick

President of SEA and Executive Deputy Chairman of AWL Agri Business Ltd

“Indian industry needs three things from any new origin: consistent volumes year after year, quality that meets our specifications, and a landed cost that competes with established suppliers. Nampula’s position on the Indian Ocean gives it a head start on freight and transit time. If we can pair that with organised farmers, good seed, and local aggregation and crushing, Mozambique can become a dependable supply partner for India and not just an occasional one.”
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“We have signed this knowing that our customers and regulators now expect oil that is traceable and responsibly produced, and that is how this partnership has been designed from the first day.”
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Eduardo Mariamo Abdula

Governor of Nampula Province

“Nampula has the land, the farmers and the port. What we need are partners who will build with us. I invite the members of the SEA to come to Nampula, to invest in crushing and refining here, to buy from our farmers and to employ our young people. We want our oilseeds to reach Indian kitchens and to feed our own families, and every mill built in Nampula is a job that stays in Nampula.”
thehindubusinessline.com

Sources

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