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Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift

KUALA LUMPUR: Bursa Malaysia Derivatives Bhd will host its inaugural East Malaysia Palm and Lauric Oils Price Outlook Conference and Exhibition (East Malaysia POC 2022) at the Magellan Sutera Harbour Resort, Kota Kinabalu, Sabah from Oct 12 to13.

The exchange said the focus of the East Malaysia POC 2022 will be on the supply and demand outlook for palm and major oils, while discussions on sustainable development in the East Malaysia palm oil sector will also be central to the conference agenda.

Chairman of Bursa Malaysia Derivatives and chief executive officer of Bursa Malaysia Bhd Datuk Muhamad Umar Swift said in recognition of the growing crude palm oil supply market in East Malaysia, the exchange is "delighted to bring its flagship palm oil conference to the region.”

"Following our successful POC held in March this year in Kuala Lumpur, the East Malaysia POC 2022 will bring together industry and technical experts to share their insights on East Malaysia palm oil industry development, as well as the global edible oils market outlook.




"We trust the takeaways to be learned at the East Malaysia POC 2022 will translate into initiatives that will not only benefit their businesses but will also assist the region’s industry players in better managing the volatile market conditions,” he said in a statement today.

The acting director of Bursa Malaysia Derivatives Mohd Saleem Kader Bakas said climate change is expected to have a profound impact on agricultural productivity in many countries, "therefore, it is important for the exchange to step up its role in influencing the shift towards more sustainable practices in the physical markets.”

"This East Malaysia POC 2022 will serve as a new platform for industry players to exchange knowledge and explore opportunities that could further their businesses along the environmental, social, and governance (ESG) adaptation path,” he added. - Bernama


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