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24 Feb - 01 Mar 2020
Section 1 : CPO Price Trend
24 Feb - 01 Mar 2020
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22 - 28 Jun 2020
POINTERS ON THE PRICE TRENDS
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Section 2: Global Palm Oil Market Focus
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POINTERS ON THE PRICE TRENDS:
Palm Oil Outlook Post Covid-19 Challenges and Expectations
Datuk Dr. Kalyana Sundram
Datuk Dr. Kalyana Sundram is currently Chief Executive Officer, Malaysian Palm Oil Council (MPOC). Following his postgraduate studies from University of London, and research stints in USA, Australia, Netherlands and at MPOB, he has clocked 37 years in palm oil research and industry. These include various aspects of oils and fats process technologies, nutrition, biomedical applications and technical marketing. He is a fellow of the Malaysian Academy of Sciences, Fellow of the Nutrition Society and member of several international professional associations Datuk Dr. Sundram is primarily acknowledged for his work on palm oil and has served on international expert consultations and committees at FAO/WHO, IUNS and MPOB. He publishes extensively and holds 21 patents. He has coordinated more than 170 research and promotion projects on palm oil including health, sustainability and wildlife conservation. Currently he heads MPOC with focus on palm oil promotion and marketing, addressing the anti-palm oil campaigns and uses science based outputs to communicate on palm oil.
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2020 has been a challenging year for global economies, businesses and commodities alike. The lockdowns in most parts of the world coupled with the crude oil price crash severely impacted the export and consumption of palm oil in major consuming countries.

Dr. Sundram will give an overview of the impact of these factors on prices and consumption of major edible oils, with special focus on palm oil. He will also give an overview of the three major markets: India, China and EU, and their potential for the import and consumption of palm oil. Malaysian palm oil export performance in 2020, against the background of the Covid-19 pandemic and crude oil price crash will also be presented with an overview of the emerging markets.

Dr. Sundram will give his price projections for palm oil in the second half of 2020 based on the stock usage ratio of global oils and fats. Based on calculations, it is anticipated that there will be continued production growth among all types of oils and fats, however, the demand is likely be slightly lower. The oils and fats production globally will again be led by palm oil which is forecasted as being close to 78 million MT. As the two top palm oil producing countries contributing to 84% of the global palm oil production, Malaysia and Indonesia will be the focus of the international oils and fats trade.
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