23rd Glorious Year of Globoil India 2019 celebrated in Mumbai 

“Patanjali to Invest more than 5,000 Cr. in Ruchi Soya. Ruchi Soya and Patanjali will have maximum share in all types of edible oil in near future.” Said Baba Ramdev

GLOBOIL INDIA– the Premier International Conference on Vegetable Oil, Feed & Feed Ingredients, Oilseeds & Oleo chemicals organized by Tefla’s under the patronage of The Solvent Extractors’ Association of India was scheduled during 25th – 26th – 27th September 2019 at Renaissance Mumbai Convention Centre Hotel, Powai, Mumbai. This was the 23rd Glorious year of the event. Globoil India is one of world’s largest trade events in Agri – Space specifically focusing on edible oil & related industries. Started in 1997 Globoil India has over the last 23 years become a calendar event for all those associated with the world oilseeds, vegetable oils and oil meals /feeds market as the conference draws leading industrialists, policymakers, domain experts and analysts who share their in-depth knowledge and crystal-gaze into the future. Every year a large no. of Companies from all over the world including Indonesia, Malaysia, Singapore, China, Middle East & Europe participate in Globoil.

This year, apart from India, the event witnessed huge participation, Business & Ministerial Delegations from Malaysia, Indonesia, Ukraine, Argentina, USA, UK, Middle-East & Germany. More than 1500 Delegates & around 100 Exhibitors participated in this event.

Guests of Honor for the events was Ibu. Ir. Musdhalifah, Dy. Minister for Food & Agriculture, Coordinating Ministry for Economic Affairs, Govt. of Indonesia, Teresa Kok Hon’ble Minister of Primary Industries, Ministry of Primary Industries (MPI), Malaysia. 

Param Pujya Swami Baba Ramdev Ji graced the occasion during the Evening Award Ceremony.

To name a few distinguished Speakers present during the conference was  Thomas Mielke, Editor-in-Chief, Oil World, Hamburg, Germany; Dorab Mistry, Director – Godrej International Ltd, London; Dr. James Fry, Chairman, LMC International, U.K; Dr. Sathia Varqa, Co-Founder, Palm Oil Analytics, Singapore; Harish Bijoor, Brand Guru & Founder, Harish Bijoor Consults Inc; Atul Chaturvedi, President – SEA & CEO – Agri Business, Adani Group; Sudhakar Desai, CEO, Emami Agrotech; Angshu Mallick, COO, Adani Wilmar Ltd; Sandeep Bajoria, CEO – Sunvin Group; Nakul Rastogi, Chief Commodity Trader, Pacific Interlink Sdn Bhd; Vijay Sardana, International Agri Business Value Chain Expert; Dr. Marc Kellens, Global Technical Director, Desmet Ballestra Group & Nagaraj Meda, Managing Director, Transgraph Consulting Pvt. Ltd. amongst others.

In the Current Edition of Globoil India, discussion on various topics related to Edible oil took place which lead to generation of ideas and insights which can help scripting the India Edible Oil Story better.  

Ibu. Ir. Musdhalifah, Dy. Minister for Food & Agriculture, Coordinating Ministry for Economic Affairs, Govt. of Indonesia said, “23rd Edition of Globoil, I am very happy that the industry, the Government and the consumers have come together on this platform for sustainable development of the edible oil industry. Today all countries are focusing their own development. However no nation can compromise its edible oil industry considering its security. Govt. of India has seriously reduced their imports and efforts are on to further reduce imports. Government is working with the industry and supporting it to grow by creating a level playing field with respect to imports.”

Teresa Kok Hon’ble Minister of Primary Industries, Ministry of Primary Industries (MPI), Malaysia said, “India is our leading export market for Palm Oil. Malaysia’s total exports to India in 2018 was $8.99 billion and palm oil and related product was 18.25% and We at Malaysia are actively looking to reduce the balance of debt by importing products made in India. Palm Oil is a good source of Vitamin A.

I wish to establish a good relationship of Malaysian Oil companies with Indian Companies as India is a very important market and will develop very well with the present Government support to the industries. I am thankful to the organizers to have given me the opportunity to address this August gathering of industry stalwarts.”

Swami Baba Ramdev, Founder, Patanjali talked about his outlook on business in which he expressed his motive to build up healthy and happy India. He also touched up adulteration and Economic Slowdown and believes that, the Govt. policies will help the country to grow. On business grounds, he reveled, “Patanjali to Invest more than 5,000 Cr. In Ruchi Soya. Ruchi Soya and Patanjali will have maximum share in all types of edible oil in near future.”

A Memorandum of Understanding (MoU) was signed between The Solvent Extractors’ Association (SEA) of India, the Malaysian Palm Oil Board (MPOB) and Global Sustainability support organization – Solidaridad Network Asia Limited (SNAL) during the Globoil Annual Conference. The objective of this MoU is to jointly promote Malaysian Sustainable Palm Oil (MSPO) and Indian Palm Oil Sustainability Framework (IPOS) through harmonization between the two national standards. It would lead to the joint promotion of IPOS aligned MSPO certified palm oil to Indian markets and support smallholder palm oil producers in Malaysia to produce sustainably. There are plans to start promotional campaigns in India to close the gap between the issues of perception, allegations and the realities of palm oil.

The event ended with Globoil India Awards 2019. Urvashi Rautela (Actress) walked the ramp for Fashion Designer Sonali Jain. Sharib – Toshi Sabri (Singer) launched their Music Album Maahi – Maahi. Other Guests present at the event was Sonali Jain (Fashion Designer), Dhriti Saharan (Singer), Chirag Suriya (Fashion Designer), Paresh Rohira (Fashion Designer) amongst others.

Mr. Kailash Singh, MD, Tefla’s & Organizer Globoil India was of the view that, Globoil India is now an established annual feature and is keenly looked forward by the players in the vegetable oil trade and industry. A truly interactive forum, Globoil is enriched by international participation and provides an index of the rising importance of India in the Global Market Place. Over the years this forum has been successful in forging close relationship with various constituents of the International Edible Oil trade. The growing popularity of this forum is an index of the rising importance of India and the sub-continent in the Global Market place. 

Mr. Kailash Singh, MD, Tefla’s & Organizer Globoil India also feels that Globoil Awards are Global Edible Oil Industry’s top business accolades and seek to celebrate visionary leadership & exemplary performance. Past winners included the who’s who of Global Edible Oil Trade & Industry.