The association, which represents India’s edible oil refining industry, highlighted that the country’s vegetable oil imports; primarily palm and soybean oils, have stabilized and are beginning to ease.
The agreement includes a dedicated protocol on palm oil aimed at promoting sustainable trade.
India’s total edible oil imports increased by 3.6% in August compared to the previous month, reaching around 1.6 million tons, the highest volume in over a year.
Akwa Ibom’s intervention is expected to narrow this supply gap while stimulating rural employment and economic growth in the Niger Delta region.
To address this, Unilever partnered with KIS Group to source biomethane from nearby mills participating in its sustainable palm oil programme.