2 days ago
SEA and Colombia’s Fedepalma Explore Palm Oil Cooperation
India’s edible-oil industry is looking for more places to buy palm oil.
Its trade association, SEA, plans to make an agreement with Fedepalma, a group representing oil palm growers in Colombia.
They want to explore trade and other ways to work together.
SEA says palm oil supplies could change as Indonesia and Malaysia use more of it to make biodiesel.
Colombia produces about 2 million tonnes of palm oil each year.
India has already imported some crude palm oil from Colombia.
SEA hopes to send a delegation to Colombia early next year.
The agreement is planned, but the articles do not say it has been signed.
The Solvent Extractors’ Association of India plans to sign an MoU with Colombia’s Fedepalma.
The proposed agreement would explore palm oil sourcing, trade and cooperation.
The initiative followed talks during SEA’s annual meeting and Globoil event in Mumbai.
SEA Executive Director BV Mehta said Indonesia and Malaysia’s increased biodiesel blending could shift palm oil from food to fuel.
SEA President Angshu Mallick said Colombia produces about 2 million tonnes of palm oil annually, and SEA is planning a visit early next year.
- Who
- The Solvent Extractors’ Association of India (SEA) and Colombia’s National Federation of Oil Palm Growers (Fedepalma).
- What
- They are expected to sign an MoU to explore palm oil sourcing, trade and cooperation.
- Where
- The reported discussions took place in Mumbai; the planned visit is to Colombia.
- When
- The initiative was reported on October 5, 2026; SEA plans a delegation visit early next year.
- Why
- SEA wants to explore alternative and complementary palm oil supplies as global supply patterns change.
Key facts
- Proposed agreement
- A memorandum of understanding between SEA and Fedepalma
- Areas of cooperation
- Palm oil sourcing, trade and cooperation
- Colombia’s production
- Around 2 million tonnes of palm oil annually
- Recent imports
- India recently imported a few parcels of crude oil from Colombia, about 2 lakh tonnes, according to BV Mehta
- Planned delegation
- SEA is planning a visit to Colombia early next year
- Reported on
- October 5, 2026
Quotes
Angshu Mallick
President of the Solvent Extractors’ Association of India.
“With Indonesia and Malaysia moving increasingly towards higher biodiesel blending, more palm oil is likely to move from food to fuel. In such a scenario, India has to look ahead and explore alternative and complementary sources of supply. Colombia, with its growing palm oil production and exportable surplus, presents an interesting opportunity.”
thehindubusinessline.com
“Their invitation to visit Colombia and explore opportunities of mutual benefit is a positive development. SEA is planning the delegation visit early next year and look forward to taking this engagement forward.”
thehindubusinessline.com
Sources
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