Malaysian Palm Oil Board, Indian Trade Body Sign MOU

The Malaysian Palm Oil Board (MPOB) has signed a memorandum of understanding (MOU) with the Indian Vegetable Oil Producers’ Association (IVPA) to promote the exchange of vegetable oil sector knowhow between the two countries, the Bernama reported on August 05.

The MOU seeks to encourage collaboration between Malaysian and Indian companies in commercial and technical areas, according to MPOB director-general Datuk Dr. Ahmad Parvees Ghulam Kadir.  It covers areas such as sustainable vegetable oil production and trade, technology transfer and capacity building in palm oil-based industries, and promotion of best practices and quality standards.  The MOU was signed last Friday, August 04.