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2022
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05 - 11 Apr 2021
Section 1: Price Direction
05 - 11 Apr 2021
Section 2 : Special Focus on the US
18 - 24 Oct 2021
Section 1: Oils & Fats Supply, Demand and Outlook
18 - 24 Oct 2021
Section 2: Opportunities for Palm Oil in Asian Market
2020
24 Feb - 01 Mar 2020
Section 1 : CPO Price Trend
24 Feb - 01 Mar 2020
Section 2: Global Palm Oil Market Opportunities
22 - 28 Jun 2020
POINTERS ON THE PRICE TRENDS
2019
2018
29 Jan - 04 Feb 2018
Section 1: CPO Price Trend
29 Jan - 04 Feb 2018
Section 2 : Global Palm Oil Market Focus
06 - 12 Aug 2018
Section 1: CPO Price Trend
06 - 12 Aug 2018
Section 2: Global Palm Oil Market Focus
2017
2016
22 - 29 Feb 2016
2016 Market Direction - Twists and Turns of Palm Oil Prices
22 - 28 Aug 2016
Section 1 : Palm Oil Price Fundamentals
22 - 28 Aug 2016
Section 2 : Trade Issues and Market Prospects
2015
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POINTERS
ORGANIZED BY:
POINTERS ON THE PRICE TRENDS:
Challenges & Opportunities for the Palm Oil Industry in the areas of Biodiesel, Sustainability & Food Safety.
Mr. U. R. Unnithan
Education Background ❖A Master’s degree holder in Chemical Engineering and Distinguished Alumnus from ICT (India’s Premier Chemical Technology Institute) ❖Gold Medal Winner at the APEX MBA program from NUS ❖Advanced Management Program Graduate from the Harvard Business School. Professional Background ❖Co-Founder & CEO of DIBIZ PTE LTD- A Blockchain powered Digital Platform. ❖Founder & CEO of SUMWIN Group- a Technology Company specialized in value added Food, Feed, Oleo-chemicals, Neutraceuticals & Renewable Energy. ❖36 years of Corporate & Professional experience in the field of Oils & Fats, Oleo-chemicals & Biofuels. ❖22 years as Executive Director of CAROTINO Sdn Bhd in Malaysia, responsible for all Palm Oil downstream businesses of the group. ❖Worked with the Unilever Group in India at a Senior Management level. ❖President of the Malaysian Biodiesel Association; actively involved in the implementation of the Biodiesel program in Malaysia since 2001. ❖Fellow of The Institution of Chemical Engineers( FIChemE) ❖Fellow of the Malaysian Institute of Management (FMIM) ❖Member of the Program Advisory Committee (PAC) of MPOB 2011-2016 ❖4 Patents in the field of Oils & Fats ❖Is a Distinguished Toastmaster (DTM)
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The Covid-19 pandemic has affected the global economy very badly. Most countries and industrial sectors are seeing a very weak outlook. The Palm Oil industry has also been affected but fortunately as 80% of Palm Oil is still used for edible applications, the effect has not been as pronounced as in other sectors like Airlines, Tourism, Hotels, Property etc.

There has been a significant demand destruction even for Palm Oil due to the sharp decrease in demand from the HORECA sector affecting imports from major consuming countries like India & China. With demand for Crude Oil dropping sharply leading to a steep fall in Crude Oil prices, the viability of the Biodiesel business has also weakened significantly. National mandates both in Indonesia and Malaysia are under pressure. However, there is a silver lining in the dark clouds as the world has seen the benefits of almost 5.5% reduction in GHG emissions during this global lockdown. This has got Climate Change experts, Policy makers, NGOs and consumers thinking about a new world towards a greener economy with a greater share for renewables. This augurs well for the Palm Oil industry as well in terms of looking at National Biodiesel mandates from a national & regional perspective and there are clear opportunities that are emerging from a strategic point of view.

On the Sustainability front, many enterprises are increasingly committing themselves to traceability for regulatory compliance and achieving sustainability goals. This has come into sharp focus during this pandemic in discussions on supply chain resilience, traceability and end to end visibility. This is of paramount importance in the Palm Oil Supply Chain. Companies typically spend millions of dollars annually to have visibility to the last mile of supply chain to address this pain point. All such initiatives are siloed and does not include value propositions to other stakeholders in the supply chain, and thus it gets highly complex and less successful. It is also impractical and prohibitively expensive for small stakeholders to be part of many such ecosystems driven by different enterprises. A new “Collaborative Connected Digital Supply Chain Platform” on a Secured Cloud where all stakeholders can conduct their supply chain transactions with minimum effort and at low cost powered by a proprietary energy saving Blockchain platform could connect enterprises to every stakeholder in their supply chain seamlessly providing real time Digital Traceability with Geo-spatial analytics with specific value propositions individually and collectively. Everybody will have a winning proposition in this networked model. For the first time small holders in the Palm Oil Supply Chain will be included at no cost to them. This will enable small holders to embrace sustainability and get adequately remunerated for their efforts. This could be a great opportunity for the Palm Oil industry to demonstrate real time dynamic traceability and visibility with Geo-spatial analytics to prove that Palm Oil is indeed produced sustainability and conforms to NDPE norms. This should appease EU countries and the vocal NGOs who have been very critical of Palm Oil’s sustainability.

Another area during this crisis that the world has shifted its attention to is food safety. EFSA has clearly outlined guidelines for the levels of food contaminants such as 3MCPDE & GE in refined Palm Oil products at 2.5 & 1 PPM respectively. he Palm Oil industry has another big opportunity to adapt new locally developed technologies that are cost-effective both from a CAPEX & OPEX Perspective to produce refined Palm Oil products that can comply with 1.25 & 0.5 PPM limits respectively. This will enable Palm Oil to be on par or better than other refined vegetable oils and capture a bigger market share because of its superior quality, versatility and price competitiveness.
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