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Palm Oil Producers Seek Closer Ties With India’s Vast Market
India buys more vegetable oil from other countries than any other country.
Palm oil producers want to build closer relationships with India because it is such a large market.
At a conference in Mumbai, people from across the edible oil industry discussed how India gets its supplies.
India uses palm oil, soybean oil and sunflower oil, rather than relying on only one kind.
Some vegetable oils are also used to make biofuels, which can mean more competition for the same supplies.
That competition may affect how much oil is available and what it costs.
The conference also discussed making supply chains safer and more sustainable.
Participants explored how new technology, including artificial intelligence, could help the industry.
Palm oil-producing countries are seeking stronger ties with India, the world’s largest vegetable oil importer.
GLOBOIL India’s 29th edition took place in Mumbai from September 29 to October 1, bringing together industry participants and policymakers.
Conference discussions highlighted India’s use of palm, soybean and sunflower oils and the importance of diversifying supply.
Participants examined how biofuel policies may increase competition for vegetable oils and affect availability and prices.
Supply security, sustainability, traceability, risk management and technology—including AI—were among the topics discussed.
- Who
- Palm oil-producing countries, including Indonesia and Malaysia, and participants in the edible oil industry.
- What
- Producers are seeking closer ties with India, while industry participants discussed supply security, diversification, sustainability, biofuels and technology.
- Where
- Mumbai, India.
- When
- The 29th GLOBOIL India was held September 29 to October 1; the article also mentions GLOBOIL 2026 discussions.
- Why
- India is the world’s largest vegetable oil importer, making its demand and import decisions important to producers and global trade.
Food and supply security
Energy demand
Competing uses of vegetable oils
Food and supply security
Vegetable oils are needed to supply food markets, including India’s edible oil market.
Energy demand
Biofuel policies are increasing demand for vegetable oils, potentially competing with food use and affecting global availability and prices.
Key facts
- Event
- 29th edition of GLOBOIL India
- Location
- Mumbai
- Dates
- September 29 to October 1
- Theme
- “At The Inflection Point: Energy, Sustainability & India’s Demand Future”
- India’s market position
- World’s largest importer of vegetable oils
- Oils discussed
- Palm, soybean and sunflower oil
- Additional topics
- Biofuels, supply security, sustainability, traceability, commodity exchanges, risk management and AI
Quotes
Aadil Singh
Director of Tefla’s, which organised GLOBOIL India
“India buys more edible oil than any country in the world, and every decision made in Kuala Lumpur, Jakarta, Buenos Aires or the Black Sea ends up in an Indian kitchen.”
livemint.com
Sources
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