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Indian and ________ bodies signs deal to support palm oil business.
A)
Malaysia
B)
Thailand
C)
Japan
D)
Singapore

Correct Answer : Option (A) - Malaysia


The Malaysian Palm Oil Council (MPOC) and the Indian Vegetable Oil Producers’ Association (IVPA) have signed a memorandum of understanding (MoU) to expand their cooperation in promoting the usage of palm oil
 
The MoU is anticipated to increase collaboration in areas of shared interest and to advance the production and consumption of palm oil from Malaysia and palm oil with the MSPO certification. Through cooperative actions and assistance for product and market development, it would advance the interests of producers, processors, users, and consumers.
 
In order to increase the acceptance of Malaysian palm oil among Indian consumers, food producers, and other end users, MPOC has partnered with IVPA.
 
The Malaysian Sustainability Palm Oil (MSPO) certification standards, whose goals include demonstrating sustainability practises in the Malaysian palm oil industry, are used as a benchmark in the MoU’s effort to raise public awareness of Malaysian palm oil..

Source : The Hindu Businessline

Published On : July 30, 2022
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