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Asian Palm Oil Alliance
October 1 , 2022
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- India, Pakistan, Sri Lanka, Bangladesh and Nepal have come together to form the Asian Palm Oil Alliance (APOA).
- APOA held its first general body meeting on the side-lines of the Globoil Summit being held at Agra, India.
- Next meeting is expected to be held in Indonesia early next year 2023.
- Globoil Summit is one of the World’s Leading Edible Oils and Agri Trade Conference, Exhibitions & Awards.
- 2022 also marks the 25th year celebration of Globoil India.
- Indonesia and Malaysia together account for almost 90% of the global palm oil production.
- Top consumers of the commodity are India, China, and the European Union.
- India is the largest importer of palm oil in Asia, accounting for 15% of global imports.
- India is followed by China (9%), Pakistan (4%) and Bangladesh (2%).
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