InfoSAWIT, JAKARTA – The fluctuation of crude palm oil (CPO) price makes questions, namely for the stakeholders and the planters for it influences the fresh fruit bunch (FFB) price.
Some experts and analysts of this commodity would describe, why the fluctuation takes place in this year. Besides they would analyze and predict the CPO outlook in the international world in the future.
This would be told in the international conference of IPOC (Indonesian Palm Oil Conference) 2018 and 2019 Price Outlook in BICC Nusa Dua Bali on 31 October – 2 November 2018. The biggest palm oil conference is the annual event that Indonesian Palm Oil Association would do.
“Many analysts and the experts in the world would attend it as the speakers, such as, James Fry of LMC International Inggris, Dorab Mistry of Godrej International England, Thomas Mielke of ISTA Mielke GmbH (Oil World) German, and others,” Chairman of Committee of IPOC 2018, Mona Surya said in the official statement toInfoSAWITin Jakarta, Wednesday (3/10).
She thought, the material to give would be very relevant to answer, why CPO is drastically cheap. “James Fry would tell his analysis that the cheaper CPO has something to do with the European Union embargo, and the increasing incoming tax tariff that some export countries from Indonesia do, such as, India,” she said.
Mona also mentioned, IPOC has become the reference for the analysts and the stakeholders to analyze the price and the CPO outlook in the future to make business decision. “CPO price in this year drastically gets cheaper. This makes the stakeholders in the world enthusiastic to attend IPOC,” she said.
Last year, the conference and exhibition of IPOC were attended by 2.500 participants from 36 countries. ”Knowing the enthusiastic of the participants, this IPOC 2018 would be more,” Mona said.
CEO PT Perkebunan Minanga Ogan thought, IPOC 2018 and 2019 Price Outlook would have the theme ”Palm Oil Development: Contribution to SDGs”. It is important to be discussed because it could answer the negative issues about palm oil plantations.
“Through the conference, we would like to show to the world that palm oil sectors contribute to achieve the sustainable goal developments (SDGs),” he said.(T2)