Bursa Malaysia’s flagship event, The Palm and Lauric Oils Price Outlook Conference & Exhibition in 2018 (POC2018) is expected to brings together more than 2,000 industry players from over 50 countries.
Will be held on March 5 to 7 at the Sharing-La Hotel, Kuala Lumpur, POC2018 will serve as a platform for the sharing of ideas and experiences among global edible oil players.
This conference, themed “Price Disruption – Take Control, Manage Volatility” will be officiated by Minister of Plantation Industries & Commodities (MPIC), Datuk Seri Mah Siew Keong.
The conference is designed as a platform for decision-makers, thought leaders and delegates 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.
“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,” said Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan,
He added that Bursa Malaysia strives 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 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,” said Tajuddin.
Bursa Malaysia’s FCPO contract is recognised in the palm oil industry as a globally trusted hedging tool, accessible and tradeable globally.
The trading volume in FCPO contracts has shown a significant increase over the past year, with 11.9 million contracts in year 2017 representing a nominal traded volume of 298 million metric tons with RM32.3 billion in value.
Participants attending this year’s POC2018 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.
Esteemed speaker and renowned practitioner in the industry, Dorab Mistry, director of Godrej International, who has over 150 research papers on the palm oil industry, will once again provide a unique perspective of the global vegetable oils landscape.
Among other reputable speakers who will be at the event include Stefan Ullrich of Singapore’s Sustainability Consulting firm, Paia Consulting Pte Ltd, Datuk Carl Bek-Nielsen, vice chairman and chief executive director of United Plantations Bhd., Dr. Kalyana Sundram, chief executive officer of Malaysian Palm Oil Council; Tan Sri Datuk Dr. Yusof Basiron, adviser to the minister of MPIC; and Christopher Fix, managing director and head of Asia Pacific for CME Group.
Facilitating a highly-anticipated networking and engaging platform, this flagship conference continues to grow in relevance among international delegates and industry leaders, reinforcing Bursa Malaysia’s position as the global palm oil marketplace and the global benchmark of palm oil price.