palm oil industry-world bank group in India

The World Bank Group reengages palm oil sector

  • palm oil industry-world bank group in India
  • palm oil industry-world bank group in India
  • palm oil industry-world bank group in India
  • palm oil industry-world bank group in India

The World Bank Group’s Framework for Engagement

India in the Oil Palm Era: Describing India’s Dependence on Palm Oil

RSPO Scales up Sustainable Palm Oil Partnerships in India

Global Market Report: Palm Oil International Institute

  • How can the World Bank engage the palm oil sector?
  • With these conditions, the palm oil sector can play an important role to economic development and poverty reduction. By engaging it, the World Bank can make a positive contribution. The World Bank Group has adopted the World Bank Group Framework and IFC Strategy to guide future engagement in the global palm oil sector.
  • What drives India palm oil market?
  • Increasing demand for edible oils is expected to drive the India palm oil market. Edible oil factors in as an important component of food expenditure in India. The country is the world’s third-largest edible oil consumer and the largest importer from Indonesia and Malaysia.
  • How many people work in the palm oil industry?
  • In the two largest palm oil producers in the world, Indonesia and Malaysia, the palm oil sector directly employs almost 5 million smallholders and workers and indirectly employs an additional 6 million people (Russell, 2018, 2020). The sector is also responsible for an estimated 2.9 million downstream jobs in importing countries (Basiron, 2016).
  • Who are the players operating in India palm oil market?
  • Some of the players operating in the India palm oil market are: In May 2023, Godrej Agrovet's Oil Palm Business launched a finance offering for oil palm farmers in partnership with the State Bank of India (SBI). The product will enable farmers to obtain loans for micro irrigation facilities, fencing, and tube well improvements at their farms.

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