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Bursa Malaysia Derivatives Berhad (“Bursa Malaysia Derivatives”) will host the 34th edition of its flagship event, the Palm & Lauric Oils Price Outlook Conference & Exhibition (“POC2023”). This highly anticipated annual industry conference, scheduled to take place from 6 to 8 March 2023 at the Shangri-La Hotel in Kuala Lumpur, will feature 40 exhibitors and is expected to attract over 2,000 participants from all over the world.
“POC2023 serves as a platform for industry players to exchange ideas and gain a dynamic understanding of the latest commodities market trends and challenges. The knowledge gained will enable global market players to make strategic decisions and capitalise on emerging opportunities for sustainable and profitable growth,” said Datuk Muhamad Umar Swift, Chairman of Bursa Malaysia Derivatives Berhad and Chief Executive Officer of Bursa Malaysia Berhad.
Officiated by YAB Dato’ Sri Haji Fadillah Bin Haji Yusof, Deputy Prime Minister and Minister of Plantation & Commodities, POC2023 will feature a line-up of 28 leading industry speakers, including Mr Dorab Mistry, OBE, Director of Godrej International Trading & Investments Pte Ltd, Datuk Darrel Webber, Climate Advisor to the State Government of Sabah & Chairman of PT DSNG Sustainability Board, and Dr James Fry, Chairman of LMC International Limited, among others.
POC2023 attendees will participate in a wide range of educational programmes and social events, which include a visit to a Malaysian Sustainable Palm Oil certified smallholder oil palm estate, a workshop on trading and risk management with futures contracts, a golf tournament and a gala dinner.
“We believe participants of POC2023 will benefit from experts’ opinions on the trading possibilities of our products, notwithstanding continued global tensions and changes in commodities’ trading policies from around the region,” said Mohd Saleem Kader Bakas, Acting Director of Bursa Malaysia Derivatives.
“With global economic uncertainties such as geopolitical risks, inflation rates and supply-chain dynamics continuing to impact the palm and lauric oils price outlook, it is critical that market participants stay abreast of latest developments to navigate today’s demanding market conditions,” observed Datuk Muhamad Umar Swift.
“Notwithstanding the challenging environment in 2022, last year Bursa Malaysia Derivatives saw strong interest in the Crude Palm Oil Futures (“FCPO”) contract, achieving a record-breaking trading volume of 16.2 million contracts, surpassing its 2021 performance of 15.6 million contracts,” concluded Mohd Saleem Kader Bakas.
