Key Update

The Indian Vegetable Oil Producers’ Association (IVPA) has called on the industry and policymakers to accelerate India’s journey toward self-sufficiency in edible oils. Rising global price volatility for palm and soybean oils, shifting trade agreements, and changing government policies are creating both challenges and opportunities for producers.

Balancing Farmer Welfare and Price Stability

IVPA stressed the need to strike a careful balance between key priorities: ensuring farmers earn fair returns through the Minimum Support Price (MSP), keeping edible oil prices stable to curb inflation, and safeguarding overall food price stability in the market. The association noted that edible oil imports are stabilising and even showing a decline. IVPA sees this as an ideal time to boost domestic production, despite competition for farmland from staples like rice, wheat, and pulses.

Leadership Continuity for Strategic Growth

At its 48th annual general meeting in New Delhi, IVPA reappointed its leadership team for 2025–26. The association highlighted that continuity in leadership will help it pursue long-term goals, strengthen industry partnerships, promote innovation, and create sustained value across India’s edible oil sector.

Source: Foodtech News