Bursa Malaysia Derivatives Berhad (“Bursa Malaysia Derivatives” or the “Exchange”) and the Malaysian Palm Oil Council (“MPOC”) recently cohosted the East Malaysia Palm Oil Forum (“EMPOF”) on 20 and 22 August 2024 in Kota Kinabalu, Sabah and Kuching, Sarawak. The forum featured a series of educational workshops and paper presentations by industry thought leaders and technical experts, addressing the latest developments, challenges and opportunities surrounding the palm oil sector in East Malaysia and globally.
Commenting on the significance of EMPOF, Datuk Muhamad Umar Swift, Chairman of Bursa Malaysia Derivatives and Chief Executive Officer of Bursa Malaysia said, “Sabah and Sarawak are important to Malaysia’s palm oil industry. Collectively, the two states in East Malaysia dedicate 3 million hectares to oil palm cultivation and account for 56% of the nation’s palm oil production in 20231. As the global centre for palm oil price discovery, the Exchange is pleased to collaborate with the Malaysian Palm Oil Council to drive impactful dialogue and forge strategic partnerships aimed at enhancing the competitiveness of East Malaysia’s palm oil sector. Insights from the forum will be instrumental in shaping strategies, equipping participants with the knowledge needed to navigate the everevolving market dynamics.
” Ms. Belvinder Sron, CEO of Malaysian Palm Oil Council added, ”The East Malaysia Palm Oil Forum marks an important milestone in fostering collaboration across the region’s palm oil industry. MPOC is pleased to collaborate with Bursa Malaysia Derivatives to bring stakeholders together to address the critical challenges related to the EU Deforestation Regulation (EUDR), and to discuss how the Malaysian Sustainable Palm Oil (MSPO) certification scheme can help meet these regulatory requirements.”
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- Parveez, Ghulam Kadir Ahmad et. al, Journal of Oil Palm Research (June 2024), Oil Palm Economic Performance in Malaysia and R&D Progress
