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Malaysian Palm Oil Board (MPOB) will organize a Palm Oil Economic Review and Outlook (R&O) Seminar 2022 on 13 January 2022 to disseminate information regarding the performance of the Malaysian oil palm industry in 2021, market prospects and price outlook for 2022.
Minister of Plantations Industries and Commodities Datuk Zuraida Kamaruddin will officiate the seminar, which is one of MPOB’s platforms to provide latest updates on the development of the palm oil industry.
Themed “The Oil Palm Industry: Navigating Challenges Embracing Opportunities in a Post-COVID Landscape”, the seminar will focus on the way forward for the palm oil industry, approaches taken by the government, as well as trade development and its impact on the commodity. Nine papers on the performance of the palm oil industry for 2021, market prospects and outlook for 2022 will be presented.
Director General of MPOB Datuk Dr Ahmad Parveez Ghulam Kadir will present a paper on the performance of the palm oil industry in 2021 and prospects for 2022.
Palm oil expert Dr. Julian McGill of LMC International Ltd will deliver a paper on the price of palm oil in 2021 and outlook for 2022. Meanwhile, another industry expert, Dr Sathia Varqa will share his thoughts on price volatility of edible oils and factors of palm oil market sustainability.
Another industry expert U.R. Unnithan of Malaysian Biodiesel Association will deliver a paper on the prospect of the Malaysian biodiesel industry while Mohamed Helmy Othman Basha of Sime Darby Plantation will present a paper on the issues of labor shortage amidst the global pandemic.
Meanwhile, Secretary-General of the Ministry of Plantation Industries and Commodities Datuk Ravi Muthayah will deliver a paper on the opportunities and challenges of the palm oil industry amidst the high palm oil prices. CEO of Malaysian Palm Oil Council Puan Wan Aishah Wan Hamid will share her thoughts on the changing dynamics of the Indian edible oil policy and its impact on palm oil demand.
“The seminar will provide opportunities for the participants to update on the latest performance of the palm oil industry, post COVID-19 strategies and market developments,” said Datuk Dr. Ahmad Parveez.
Local industry players, exporters, economists, policymakers and academicians are encouraged to participate in this seminar.
For those who are interested in joining the seminar, please visit MPOB website www.mpob.gov.my or register through the following link: