Various industry stakeholders are set to attend the annual forum of the Indonesian Palm Oil Association, or Gapki, scheduled to take place in Bali from Oct. 31 to Nov. 2. (Reuters Photo/Samsul Said)

Indonesian Palm Oil Conference & Price Outlook to Discuss Latest Industry Trends

OCTOBER 04, 2018

Jakarta. Various industry stakeholders are set to attend the annual forum of the Indonesian Palm Oil Association, or Gapki, scheduled to take place in Bali from Oct. 31 to Nov. 2.

The 2018 Indonesian Palm Oil Conference & Price Outlook (IPOC) – the industry's largest – will take place at the Bali International Convention Center in Nusa Dua. It allows palm oil stakeholders to stay abreast of the latest developments in the industry, market trends and price outlook.

There will be several discussions on the latest issues in the industry, as well as government regulations and policies.

"Many analysts and world-class experts are expected to act as speakers. This includes James Fry of LMC International in Britain, Dorab Mistry of Godrej International in Britain, Thomas Mielke of ISTA Mielke [Oil World] in Germany, and many others," IPOC 2018 chairwoman Mona Surya said in a statement on Wednesday (03/10).

LMC is an international economic and business consultancy in the agribusiness sector, Godrej is a global conglomerate headquartered in India and ISTA Mielke offers analyses on the world supply, demand and price outlook for oilseeds, oils and fats and oil meals.

Mona said IPOC has served as a benchmark for stakeholders and players in the palm oil industry and that the outcome of the annual conference guides companies in decision making.

"Through this conference, we want to show the world that the palm oil sector contributes significantly to the Sustainable Development Goals.

Around 2,500 delegates from 36 countries attended last year's conference and exhibition.

"Looking at this year's enthusiasm, the number of participants in IPOC 2018 is likely to be higher," Mona said.

Several Indonesian government officials, including Chief Economy Minister Darmin Nasution and National Development Planning Agency (Bappenas) head Bambang Brodjonegoro, have been invited to this year's conference.

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