31 Jul-02 Aug, 2017
Kuala Lumpur, MALAYSIA
Pullman Kuala Lumpur City Centre Hotel & Residences
Pullman Kuala Lumpur City Centre Hotel & Residences
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"Sustainable Supply Chain Commitments Drives Market Innovation |
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It is almost impossible for most consumers to go a day without using or eating something that contains palm oil. The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. About an estimation of 58 million tonnes of palm oil are produced every year, with Indonesia and Malaysia accounting for 85 per cent of total output.
Malaysia palm oil inventories seen rising to four-month high Friday, 5 May 2017 The Star Business Times
For this year, a recent survey shows that companies are optimistic about production growth prospects and that supplies will continue to rise during the high production cycle that typically begins in the second half of the year. Will demand remain firm throughout the 2nd half of the year ?
The cheaper and most resource efficient than other vegetable oils, palm oil is also one of the world’s most controversial ingredients.
Most recently , a report released earlier this year by EFSA suggested that palm oil produces GE and 3-MCPD , chemical elements that are carcinogenic when heated above 200 degrees Celsius. How is the industry responding to mitigate and reduce the levels of these contaminants ?
Since April last year , following a series of measures taken to address their multi-decade fire and haze crises, Indonesian President Joko Widodo declared his intention to impose a moratorium on new palm oil concessions.
The Government of Indonesia is now taking steps to limit further landbank expansion , at the same time that compliance with No Deforestation, No Peat, No Exploitation (NDPE) is increasingly becoming a condition for market access . This has also led to many material stranded assets for which companies cannot develop without regulations.
In Feb this year, Europe’s largest bank HSBC made its commitment consistent with NDPE policies adopted by market leaders and will not agree to any new financing violating this policy which applies to refiners, traders, growers and mills. Pressures continue on the industry’s growth potential, driving companies to strategise how to increase productivity on existing plantations through replanting , smallholder capacity building, investing in smart agriculture, finding added value for palm oil waste ,improved planting materials among others. Companies are aiming to achieve full traceable supply chains in order to verify the implementation of supply chain commitments.
However, achieving traceability poses significant challenges due to the complexity of the palm oil supply chain.
How are oil palm producers facilitating traceability and the verification of sustainability commitments ?
CMT’s 9th ASIA Sustainable Oil Palm Summit brings you lively updates on new issues affecting the industry.
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Checkout our authoritative panel of speakers lined up and the key highlights in this event
Plus a one day optional tour prior to the conference - to Felda Research Centre to view the Nursery and Seeds Production & Breeding Unit follow by a visit to FELDA’S GAP (Good Agricultural Practices) facility.
Contact huiyan@cmtsp.com.sg for more information.
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Attendees Profile
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“The [summit] had been instrumental towards further enhancing my understanding of the Indonesian moratorium current issues, oil palm trends, and the latest planting materials for future planting exercises, which were all issues close to my heart” ~ MKH
“Very good experience and good opportunity to interact with other companies” ~ MPOB
“I like the quality of forum – that easily discuss key topics of the industry” ~ Olam
“Fulfilling and very informative! Keep up the good work!” ~ PT Incasi Raya
“Cutting edge information and great networking” ~ Hornbill Survey
“A very pleasant experience. There are various topics making the conference very informative and balanced” ~ CSIRO
“Well organised, informative and good environment” ~ United Malacca
“Great event with a good mix of participants. Will attend or participate once again in the future” ~ Phillip Futures
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| Be a Sponsor or Exhibitor! |
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This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive Luncheon & Cocktail sponsor.
For Sponsor & Exhibition |
