India’s SEA Signed MoU with Brazil’s ABIOVE for Supply of Soya Oil to India

Current Context: The MoU between the Solvent Extractors’ Association of India (SEA) and the Brazilian Association of Vegetable Oil Industries (ABIOVE) was signed by Ajay Jhunjhunwala, president of SEA, and Andre Meloni Nassar, president of ABIOVE, on November 2, 2023.

• The objective of the MoU is to create a common platform to facilitate the joint interaction of both institutions under the governmental spheres of both countries.
• India is the largest importer of edible oils in the world and imports nearly 15-16 million tonnes of various edible oils, including 3.5 to 4.0 million tonnes of soybean oil, mainly from Latin America.
• In 2022, Brazil exported 1.4 million tonnes of soybean oil to India, and in the current year till September, it has exported 1.2 million tonnes.

Question:

Q.1  How much soya oil did Brazil export to India in 2022?
a. 1.2 million tonnes
b. 1.4 million tonnes
c. 1.6 million tonnes
d. 1.8 million tonnes