Malaysia India Palm Oil Seminar discusses the Vegetable Oils market in India

~ Eyes the 1.24 million tonne import market in the country,while setting inroads into the non-food industries too ~

From right to left _TAN SRI YUSOF BASIRON CEO-MPOC HE DATUK NAIMUN ASKALI BI_Hyderabad, India – Thursday, 19th May 2016: The Malaysian Palm Oil Council (MPOC) is to host the Malaysia India Palm Oil Seminar 2016 in the city. The event is themed on “Bridging the Supply / Demand Gap for India through Malaysian Palm Oil.” The relevance of the event for the Malaysian industry is underlined by the fact that the welcome address was delivered by Tan Sri Datuk Dr.Yusof Basiron.

The event enabled palm oil players from within and outside India to identify avenues of collaboration with their counterparts from Malaysia and around the world. The Seminar offered a platform for participants to discuss challenges and opportunities that lay before the sector and initiate efforts to benefit the trade.

Developments in the Energy Sector and Impact on Vegoils, Sustainability – Reality or Myth, Indian Middle Class: Growth Engine or Loose Wheel, Palm Oil Application and Superiority in Food Processing, Indian Vegetable Oil demand scenario: Impact on Global Oils and Fats Prices in 2016– these are some of the topics that were on the discussion table at the seminar.

The event was attended by industry luminaries including Dr. Anupam Barik – Additional Commissioner Oilseeds, Government of India, Mr. Atul Chaturvedi- Chief Executive Officer, Adani Wilmar Limited, Mr. Pravin Lunkad – President, Solvent Extractors’ Association of India, Mr. Sushil Goenka – Director, 3F Industries Limited, Mr. Satish Kulkarni – VVF Limited, Mr. Vijay Sardana- SEBI, Mr.Kishore Narne- Motilal Oswal, Dr. Julian McGill- LMC International and Stevan Lai- RHB International Bank, Malaysia.

Tan Sri Datuk Dr.Yusof Basiron_At Malaysian Palm Oil Counsil Seminar

Speaking at the event, Tan Sri Datuk Dr.Yusof Basiron, Chief Executive Officer of the Malaysian Palm Oil Council observed, “The Malaysian Palm Oil industry is experiencing turbulent times currently on the back of several factors, both internal and external to our country. And yet, we are bullish about demand from Indian shores. We have seen the trade between Malaysia and India grows substantially over the past years. I see huge potential for Malaysian Palm Oil in the Indian context.With developments charted by the plantation and processing sector of Malaysia as far as palm oil is concerned, we see ourselves better poised to bridge the yawning market gap for edible oils in India.”

The importance of India in the global vegetable oils trade and the relevance of Malaysian palm oil in the Indian vegetable oil basket were discussed at length by the power-packed audience at the event.