India will set the example for a sustainable palm oil business, according to RSPO

India is the world's second-largest producer of palm oil . Palm oil accounts for about 40% of Indias edible oil intake .

In his virtual keynote address to the Globoil India conference yesterday, Joseph DCruz, CEO, Roundtable on Sustainable Palm Oil (RSPO), said that India's recent statement on scaling up the domestic production of palm oil towards ensuring atmanirbharta (self-reliance) is a great opportunity for the country to demonstrate the economic and social benefits of sustainable palm oil production.Although the conditions and challenges in India are different from those of other grower countries, it is critical that farmer livelihood, climate change, and food security take precedence, he said.At the conference, DCOP, a multinational, multi-stakeholder organization that designs and implements a market mechanism to support and promote sustainable palm oil production, presented its aim to ensure that the Indian oil palm industry thrives.RSPO is also carrying out some education and capacity building activities in Andhra Pradesh, India's largest palm oil producer state, that will eventually assist Indian oil palm farmers to adopt best case practices and increase their yield and income, he said.

DCruz emphasized the challenges, saying that the climate crisis is no longer a distant dream but a reality we are all living with today.We now have the opportunity to demonstrate how well-placed sustainable palm oil can fill demand gaps while reducing hunger, combating climate change, and minimizing environmental and social impacts, he said.He said, We are eager to collaborate with the Indian industry, the government, and other stakeholders to contribute to India's transition towards atmanirbharta by supporting the sustainable growth of the palm industry.Ashwin Selvaraj, Deputy Director, Market Transformation (India & China), RSPO said, Unlocking the promise for stronger partnerships from farmers to market to finance is vital for developing a more efficient and more resilient sustainable palm oil supply chain.

India is the second-largest producer of palm oil in the world, with production rising to 9 million tonnes each year during the 2000s.Palm oil accounts for about 40% of India's edible oil intake, according to the study.To satisfy this need, the country is almost entirely relying on exports, becoming the world's largest importer.Incoming cargoes decreased from under 500,000 tonnes in 1994 to a peak of 10 million tonnes in 2018.

In 2021, the Indian government launched the National Mission on Edible Oils-Oil Palm (NMEO-OP) to support domestic oil palm production.The aim was to reduce the reliance on edible oil imports dramatically and promote atmanirbharta.The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the purpose of promoting the adoption and use of sustainable oil palm products through sound global criteria and involvement of stakeholders.The board of governors, Steering Committees, and Working Groups of the RSPO are a non-profit, international membership organization that includes stakeholders from the diverse branches of the palm oil industry, which include oil palm growers, palm oil processors or traders, consumer goods manufacturers, retailers, banks, and investors, as well as environmental, nature conservation, and social or developmental NGOs.

The secretariat is headquartered in Zürich, Switzerland, and has satellite offices in Jakarta, London, Zoetermeer, Beijing, Bogota, and New York.