Sunday, August 25

Conference to attract 2,000 palm oil industry delegates

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KUALA LUMPUR: The 29th Palm and Lauric Oils Price Outlook Conference and Exhibition (POC2018), which will be held from March 5 to 7, will attract over 2,000 industry delegates from over 50 countries.

Organised by Bursa Malaysia, the conference will see a line-up of more than 10 high-impact industry practitioners across two plenary sessions, two panel sessions and presentations of 10 strategic and price outlook papers on lauric oils and biodiesel.

Director of Godrej International Dorab  Mistry, a renowned practitioner in the industry, who has over 150 research papers on the palm oil industry, will once again provide a unique perspective of the global vegetable oils landscape.

This year’s conference themed “Price Disruption – Take Control, Manage Volatility” will be officiated by Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

“POC2018 is a platform for decision-makers from all over the world to discuss challenges and opportunities that influence the supply and demand of vegetable oils, including the degree of market volatility on commodity prices, palm oil risk management techniques, and the growing impact of sustainability on the palm oil market,” Bursa Malaysia said in a statement yesterday.

Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said it is a critical time for industry players to take charge and set the direction of the palm oil industry, especially in light of the various challenges faced recently.

“Recognising the role of Bursa Malaysia’s globally traded Palm Oil Futures Contract (FCPO) as an effective hedging tool for the industry, we aim to bring together robust conversations that will generate sustainable positive solutions for the industry,” he said.

He said Bursa Malaysia strived to continue its efforts in developing a sustainable marketplace through enhanced ecosystem and revamped contract features to meet the dynamic needs of the volatile industry.

“We are thrilled to introduce new enhancements to further strengthen FCPO contracts that include facilitating the traceability of crude palm oil origins, to align with the Malaysian Sustainable Palm Oil (MSPO) certification.

“This continuous effort is in line with current market developments and industry needs, to ensure a thriving and attractive derivatives market,” he said. — Bernama