LatAm’s palm oil a blow to Malaysia, Indonesia: Some nations not concerned over sustainable crude palm oil

into ongoing conservation efforts and how the palm oil industry can contribute to biodiversity protection while meeting global demand sustainably. But this is being undermined by some countries. India is one of the palm oil importing countries that does not give any consideration to sustainable certification that is a requirement in the import markets of western countries. Latin American producers offering the palm oil at significantly reduced rates have won the purchasing decisions Indian importers who have snapped up palm oil from Colombia and Guatemala, said Aashish Acharya, vice president at Patanjali Foods Ltd, a leading importer of edible oils. Typically, the global palm oil supplies are dominated by Indonesia and Malaysia, who counted India as one of their largest customers with an import quantity of up to 9 million tons in the financial year 2023/24. Conversely, Colombia and Guatemala, ranked fourth and sixth in global palm oil production, export largely to North America ...