Tuesday 28 May 2024
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KUALA LUMPUR (Jan 5): The Malaysian Palm Oil Board (MPOB) is organising the Palm Oil Economic Review and Outlook Seminar 2023 next Thursday (Jan 12) to disseminate information regarding the performance of the Malaysian oil palm industry in 2022, market prospects and price outlook for 2023 as well as the latest market developments in the industry.

In a statement on Thursday (Jan 5), MPOB said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof will officiate the seminar, which is one of the MPOB’s platforms to provide latest updates on the development of the oil palm industry.

Themed “Palm Oil: Seizing Opportunities Amidst Global Challenges”, the seminar will focus on the Malaysian oil palm industry performance for 2022, prospects for this year and global challenges on palm oil supply and demand.

The seminar will also deliberate on the challenges and opportunities in developing the Indian sustainable oil palm plantation sector and the recent development in Thailand’s oil palm industry.

In addition, market development in the Chinese food industry and its prospects for palm oil will also be discussed.

The MPOB said nine papers which highlight on the performance of the oil palm industry for 2022, market prospects and outlook for 2023, as well as the development, challenges and opportunities in the palm oil sector will be presented at the seminar.

Director general of MPOB Datuk Dr Ahmad Parveez Haji Ghulam Kadir will present a paper on the performance of the oil palm industry in 2022 and its prospects for 2023.

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