Economy

IVPA favours accelerated push towards edible oil self-sufficiency

The Indian Vegetable Oil Producers’ Association (IVPA) has called for accelerating the path towards self-sufficiency in edible oil amidst declining imports, policy shifts and evolving free trade agreements.

A media statement by IVPA said that India’s vegetable oils industry is navigating a critical phase marked by global price volatility in palm and soybean oils, evolving free trade agreements, and domestic policy challenges. While these dynamics present opportunities for strategic sourcing and operational efficiency, they also highlight the delicate balance required between ensuring farmers’ MSP, controlling edible oil-driven inflation, and maintaining food price stability.

It said that Sudhakar Desai was reappointed as President for 2025-26 at the 48th annual general meeting of IVPA in New Delhi on Tuesday.

Desai is joined by Vijay Kumar Jain (Vice President, Patanjali Foods Ltd), Amrendra Mishra (Managing Director, ADM), Bhavna Shah (Deputy CEO, NK Proteins Ltd), and Dhritiman Biswas (Senior Director – Government Relations, South Asia, Cargill India) as Vice Presidents.

Quoting Desai, the statement said: “With imports stabilizing and showing signs of decline, there is renewed urgency to accelerate the path toward self-sufficiency in edible oils, despite competition from other key crops like pulses, rice, and wheat.”

Desai said his reappointment, along with the core team, signals continuity aimed at driving the IVPA’s core objective.

“With a robust team, IVPA is set for another impactful term focused on creating value, driving innovation, and building strong collaborations that benefit the entire vegetable oil industry,” he said.

Published on September 30, 2025

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