IVPA GLOBAL ROUNDTABLE @ 4.0
25-Jul-2025 12:07 PM
IVPA GLOBAL ROUNDTABLE @ 4.0
★ Key takeaways from the IVPA GLOBAL ROUNDTABLE @ 4.0, held at JW Marriott, Aerocity, Delhi, from 24–25:
Mr. Akshay Chowdhry, Group Vice President, Gemini Edibles and Fats India Limited
★ Palm oil production in Indonesia and Malaysia has remained stable for the past two years and is expected to stay stable even in 2026. The area under palm cultivation in these countries is also not increasing.
★ Soybean oil production has increased, while sunflower oil production has declined.
★ In the coming years, demand for edible oils will increase. Biodiesel usage will grow, while human consumption will remain stable.
★ In 2025, supply and demand are likely to remain balanced, but by 2026, the gap between supply and demand may widen.
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Mr. Sudhakar Tomar, President – India Middle East Agri Alliance (UAE & UK) & Chairman – Bharat Subcontinent Agri Foundation, India
★ Global consumption of edible oils is expected to increase in the future.
★ India imports edible oils, which affects its self-sufficiency.
★ Around 3,000 agri-companies are working globally on food security, with significant promotion in this direction.
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Mr. Nirav Desai, Managing Partner – GGN Group, India
★ Soybean oil use in biodiesel is expected to increase in the U.S. by 2026.
★ China has made strong soybean purchases, but its domestic stocks are high. The market situation may remain tight.
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Mr. Vivek Pathak, Managing Director, Athena Tradewinds Pvt. Ltd.
★ Edible oil usage in biodiesel will increase globally.
★ Human consumption will not see major pressure, but biodiesel demand will grow.
★ This biodiesel trend will impact the production, availability, and consumption of edible oils in the coming years.
★ Hedging in edible oils is a wise strategy.
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Mr. Vijay Data, MD, Vijay Solvex Ltd
★ There is a sharp increase in mustard seed crushing currently.
★ Mustard oil is now being compared to desi ghee, and the demand for premium mustard oil and branded kachchi ghani variants is rising.
★ Mustard oil prices are the highest among edible oils, yet demand remains strong.
★ Peanut oil availability is good, but it is not dominating the markets despite ample supply.
★ The government should consider dynamic duty structures.
★ Recent changes in import rules for crude and refined oils will benefit the domestic industry.