Sign MoU, RI-India Palm Oil Industry Agreed on Sustainable Development

By : Ridwan And Aldi Firhand. A | Monday, July 16 2018 - 21:41 IWST

Oil Palm (agroindonesia)
Oil Palm (agroindonesia)

INDUSTRY.co.id - Jakarta, Monday (16/7/2018) has signed Memorandum of Understanding (MoU) between Indonesian Palm Oil Board (DMSI), India Solvent Extractors Association (SEA), and Solidaridad Network Asia Limited (SNAL) in a high-level meeting of the Coordinating Ministry for Economic Affairs, Jakarta.

This MoU affirms the existence of Indonesian Sustainable Palm Oil (ISPO) and India National Palm Oil Sustainability Framework (IPOS) as a framework for sustainability in palm oil production and trade between the two countries.

Coordinating Minister for Economic Affairs Darmin Nasution hopes that the cooperation between SEA, DMSI and SNAL will strengthen the relations between Indonesia and India in the growth of vegetable oil and its derivatives.

"This collaboration will continue for a long time and become a profitable solution for both countries, which is also in line with the commitment of leaders of both countries," explained Darmin.

In line with Coordinating Minister Darmin, India's President of Solvent Extractors Association (ATA), Atul Chaturverdi said the MoU will pave the way for the long-term sustainability of the palm oil trade sector in Asia.

"I am confident that the synergy between ISPO and IPOS together will protect the competitiveness of the palm oil industry, improve future market demand readiness, and fulfill the national commitment to sustainable palm oil production and trade," Atul said.

As is known that Indonesia is currently the world's largest palm oil producer with an area of ​​about 14.3 million hectares and production of about 40 million tons. Palm oil is a source of vegetable oil that contributes to the fulfillment of people's consumption needs, both in the form of cooking oil and other downstream products, as well as in the form of bioenergy (biofuel).

The signing of this MoU was witnessed by Coordinating Minister for Economic Affairs Darmin Naution, Managing Director of Solidaridad Netwrok Asia Limited (SNAL). Shatadru Chattopadhayay, President of Solvent Extractors Association (SEA) of India Atul Chaturvedi, as well as representatives from the Ministry of Agriculture, Ministry of Trade, Ministry of Foreign Affairs and related Ministries / Institutions (K / L) and Indian Palm Oil Company.

In addition to the signing of the MoU, the delegates also discussed a number of issues relating to the trading issue of Indonesian-Indian Palm Oil; synergy of ISPO Sustainability Framework with IPOS; and the development of a roadmap of cooperation in the future.

Furthermore, the Indian Delegation will also visit Sintang district, West Kalimantan to meet with the local government and visit the empowerment location of independent palm oil farmers Solidaridad and Keling Kumang Group.

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