Bursa Malaysia Derivatives (BMD) will be organising the 22nd Palm and Lauric Oils Conference & Exhibition (POC) on 7 – 9 March 2011 in Shangri-La Hotel, Kuala Lumpur. Themed Weathering Challenges, Maximising Opportunities, the conference will analyse the price outlook for palm and lauric oils and feature discussions on the recent developments and challenges faced by the global palm oil and related edible oils market.
The two-day conference will feature renowned speakers including Mr. Dorab Mistry, Director of Godrej International Limited; Mr. Thomas Mielke, Executive Director of ISTA Mielke GmBH (Oil World); Dr. James Fry, Chairman of LMC International Ltd; Ms. Anne Frick, Senior Oilseed Analyst & Supervisory Analyst of Prudential Bache Commodities, LLC; and Mr. Wang Tao, Market Analyst (Commodities) of Thomson Reuters, to name but a few.
Dato’ Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia Berhad and Chairman of Bursa Malaysia Derivatives said, “Palm oil is a major contributor to Malaysia’s economic growth and its demand is expected to be high due to weather challenges and volatility facing the industry. For instance, our star derivatives product, the highly liquid crude palm oil futures (FCPO) contract has continued to enjoy a strong performance in terms of high volume of contracts traded and open positions.
“As the operator of the world’s largest palm oil futures contract, our FCPO continues to be the global benchmark for the pricing of palm oil and palm oil-based products. I am confident that this conference will attract a lot of interest from the palm oil fraternity and further stamp Malaysia as one of the global leaders in this important global commodity.”
Officiating the conference and presenting a ministerial address will be Yang Berhormat Tan Sri Bernard Giluk Dompok, Minister of Plantation Industries and Commodities and delivering a welcome remarks will be Yang Amat Berbahagia Tun Mohamed Dzaiddin Hj Abdullah, Chairman of Bursa Malaysia. Speaking at the opening ceremony will be Mr. Charles Carey, Vice Chairman of CME Group and Mr. Li Jun, Executive Vice President of Dalian Commodity Exchange and also attending will be Yang Berbahagia Tan Sri Datuk Dr. Yusof Basiron, Chief Executive Officer of the Malaysian Palm Oil Council (MPOC) and other industry captains.
This flagship conference is one of the largest gatherings of palm oil and related oil industry players including producers, refiners, dealers and traders as well as commodity hedge fund managers and proprietary traders. Participants will have the opportunity to hear expert views on the state and future of palm oil, biofuels and related oil industry. The conference is expected to attract more than 1,500 participants from all over the world.
This year’s conference received tremendous support from Sime Darby Plantation as the event partner; Dalian Commodity Exchange as the special partner exchange; Emery Oleochemicals and LT International futures as Titanium sponsors and other corporate sponsors, partners and supporters.
The event provides a platform for exhibitors to feature the latest products and services of the oils and fats industry and enables delegates to network and share perspectives on the latest market developments.
For more information on POC2011, visit www.pocmalaysia.com