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Bursa Malaysia, Dalian Commodity Exchange (DCE) and China National Vegetable Association will jointly organise the second China International Oils and Oilseeds Conference (CIOC) in Guangzhou, China from 19 to 21 November 2007. The event will be officiated by Datuk Peter Chin Fah Kui, Minister of Plantation Industries & Commodities, Malaysia and senior government officials of The People’s Republic of China.
CIOC is a collaborative platform between Malaysia and China to further galvanise the futures contract trading on palm oil based commodities. Additionally, this conference is poised to stimulate investors’ and traders’ involvement in the futures market and also increase awareness of Bursa Malaysia and DCE’s offerings globally.
Chairman of Bursa Malaysia Berhad, Tun Mohamed Dzaiddin Haji Abdullah, Chairman of Bursa Malaysia Berhad said, “CIOC aspires to be a global platform that nurtures a strong bond among the producers, traders, suppliers and consumers of the oils and oilseeds fraternity. The success of last year’s event has paved the way for better understanding of the edible oils industry in China and become a meeting place for greater engagement between the delegates and traders to develop the industry.”
Chief Executive Officer of DCE, Mr. Liu Xingqiang said, “The oils and oilseeds industry is fast becoming a very important sector globally as sustainably-produced commodities are not only used for household consumption but also moving towards non-traditional areas like energy and fuel. Various topics will be examined at the conference to analyse and address the domestic and international market demand, supply and price trends”.
Commenting on Bursa Malaysia’s initiatives, Tun Mohamed Dzaiddin Haji Abdullah said, “Part of Bursa Malaysia’s plan in developing the futures market is through introducing globally accepted products such as USD Crude Palm Oil Futures (FUPO) which will be launched soon. Not only will it meet the international demand for currency risk management tools, it will also provide a singular platform with standardized settlement methods for both Ringgit and US Dollar denominated crude palm oil futures contract.”
The partnership between Bursa Malaysia, DCE and China National Vegetable Association in organising CIOC stamps the commitment of all parties in charting the way forward for the global edible oil industry. Among some of the interesting topics to be discussed at the three-day conference are, ‘Current Macroeconomic Situation and Outlook of China’, ‘China Industrial Policy of Staple Agricultural Products’, ‘Outlook for China Edible Oil Industry Growth and Relevant Policies’, ‘Why Palm Oil Holds Centre Stage in 2008’ and ‘Sustainable Palm Oil Growth: Malaysia and China Forward Together’.
