India, July 6 -- India and China have significant opportunities to deepen cooperation across the vegetable oil value chain

The global vegetable oil industry is entering a new phase where policy decisions, energy markets, climate developments and geopolitics are increasingly influencing production, trade flows and price formation, said Sudhakar Desai, President, Indian Vegetable Oil Producers' Association (IVPA), at the 17th China International Conference on Oils and Oilseeds (CCOC-17) in Shanghai, China.

Desai said production of the four major global vegetable oils is projected to increase by 3.1 per cent to around 212.5 million tonnes in MY 2025-26, while global consumption is expected to grow by 1.9 per cent to nearly 211 million ton...