New Delhi, Delhi, 2nd of July, 2026 : The Indian Vegetable oil Producers’ Association (IVPA), the apex body representing India’s edible oil refining industry, has signed an MOU with China Chamber of Commerce of Foodstuffs and Native Produce (CFNA) at the CCOC 17 Conference in Shanghai on July 1, 2026 with an objective to foster strong industry linkages between the two countries.
The MoU reflects a shared commitment to fostering stronger industry linkages, promoting mutual growth, and building a more resilient and future-ready global vegetable oils and oilseed sector.
This cooperation establishes a strategic platform for sustained dialogue, buyer–seller connect, and collaborative initiatives that advance innovation, sustainability, and potential trade development.
Sudhakar Desai, President, IVPA said, “This marks a significant milestone in strengthening bilateral industry cooperation. As the world’s two largest consumers of vegetable oils, India and China play a definitive role in shaping global demand, trade dynamics, and the future of the sector.”
The MOU comes at a time when China, after Argentina and Brazil, has emerged as the biggest supplier of crude soyabean oil to India. In fact, the share of soyabean oil imports to India is steadily rising and is expected at approx. 5-5 million tonnes as against 8-8.5 million tonnes of palm in 2025-26 oil year.
The collaboration will not only give a fillip to soyabean oil imports from China but also enhance edible oil derivatives exports from India, primarily mustard and soyabean meals, through strengthened market linkages, Desai added.
India imports 60% of its edible oil needs with imports remaining in the range of 15 to 17 million metric tonnes. For the 2025-26 oil year, imports are projected at 16.5 million tonnes, while domestic production is estimated at 9.6 million tonnes. Supply challenge and narrowing price premium in palm oil is prompting refiners to gradually shift to soyabean oil.
We look forward to transforming this industry connect into meaningful action and long-term value for the industry, Desai added.
About Indian Vegetables oil Producers’ Association (IVPA):
The Indian Vegetable Oil Producers Association (IVPA) is a five-decade-old apex trade body representing India’s edible oil and oilseed value chain. It serves as a unified platform for producers, refiners, and traders to promote growth, self- sufficiency, and sustainable practices in the vegetable oil sector. IVPA actively engages with the government, industry stakeholders, and international organisations to shape policy, encourage innovation, and ensure fair trade and consumer welfare.
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