InfoSAWIT, JAKARTA – Though the markets are full of uncertainty, Indonesian Palm Oil Association (IPOA) would re-conduct 19th Indonesian Palm Oil Conference and 2024 Price Outlook (IPOC 2023) on 1 - 3 November 2023 at Bali International Convention Center, Westin Resort, Nusa Dua, Bali Province. The theme would be "Enhancing Resiliency Amid Market Uncertainty."
In a press conference that InfoSAWIT joined, Tuesday (3/10/2023), Chairman of IPOC 2023 Committee, Mona Surya said that Coordinator Minister in Economy Indonesian Republic, Airlangga Hartarto would inaugurate the event. There would be some ministers to attend, such as, Minister of Enterprises, Minister of Trade that would also deliver special address about the government’s policies and strategies to escalate the competition of sustainable palm oil industries.
Mona also mentioned this conference would offer vegetable oil market analysis in the world in association with the regulations globally and the impacts for palm oil industries, palm oil policies in Indonesia, and market perspective from palm oil importer countries.
IPOC is the place for many stakeholders both in national and international lvels to cooperate and discuss strategic issues in palm oil industries. Besides the conference, there would be exhibition to inform about the latest technology, product, and service in palm oil industries.
“By having high interests in every year, the committee of the conference would be face to face to escalate the participants’ enthusiast. The committee is optimist that there would be more than 1.500 participants from many countries,” she said.
She continued, it would also discuss issues in national and international levels that would also be run in two sessions. The first ones would focus on domestic issue, analyze the complexity of the industries and dig the market progress.
The first session would cover two main topics, such as, industrial and environmental security. In industrial security context, the speaker would explore export commodities and discuss crude palm oil (CPO) exchange. The discussion would cover not only economy but also extend to the programs that many noticed. Market enhancement and progress in palm oil industries would be the main focus.
On the other hand, innovation implementation issue – green energy would be the central point in the session. The review about domestic price obligation and development in research and evaluation about bio – aviation turbine, namely the biodiesel 35 percent (B35) implementation would be also discussed. The speaker would explore about smallholders’ empowerment and how innovation can be implemented to escalate the sustainability of the industry.
The second session would be deeper. It would involve perspective in global scale in CPO industries. The discussion would cover market analysis and stock, the implication and connection of European Union Deforestation Regulation (EUDR) for the smallholders. Besides it would discuss the implementation of innovation, globalization, integration combination.
“The last session would be about CPO price outlook in the globe. Many experts in vegetable oils would reveal trend prices, such as, Thomas Mielke (Oil World), Nagaraj Meda (Transgraph) and Dorab Mistry (Godrej International Ltd),” Mona said. (T2)