MPOB To Organise R&O 2024 On 11th January

The Malaysian Palm Oil Board (MPOB) will organize the Palm Oil Economic Review and Outlook Seminar (R&O) 2024 on 11 January 2024 to disseminate information related to the performance of the Malaysian oil palm industry in 2023, market and price outlook for 2024 as well as the latest market developments in the industry.

R&O, an annual event, is one of MPOB's platforms to share information on the performance of the Malaysian oil palm industry and to forecast its performance for the current year.

Themed "Meeting Global Needs with Sustainable Palm Oil", R&O 2024, which will take place in Pullman Kuala Lumpur City Centre Hotel will focus on mechanization and automation in oil palm plantations, impact of global challenges on palm oil supply and demand as well as prospect and future outlook of palm oil.

The seminar will also deliberate on the Malaysian oil palm industry’s commitment to sustainable development while fulfilling the global needs. Nine papers highlighting the performance of the oil palm industry for 2023, market prospects and outlook for 2024, as well as developments, challenges and opportunities in the oil palm sector will be presented at the seminar.

Apart from that, industry experts will discuss topics which include Council of Palm Oil Producing Countries (CPOPC)’s roadmap in enhancing palm oil sustainability and fighting against anti-palm oil campaigns, and the benefits of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to the Malaysian economy.  

MPOB Director General Datuk Dr Ahmad Parveez Haji Ghulam Kadir will present a paper on the performance of the oil palm industry in 2023 and the outlook for 2024.

Meanwhile, oils and fats expert Dr. Julian McGill of Glenauk Economics will share his thoughts on the market prospect and price outlook of palm oil for 2024.

"R&O 2024 will provide opportunities for participants to obtain latest information on the performance of the oil palm industry. Industry experts will share their thoughts on strategies, challenges, opportunities, prospects  and market developments in the oil palm industry not only in Malaysia but around the world," said Datuk Dr. Ahmad Parveez.

Industry players involved in oil palm, palm oil and other oils and fats industry, including research and development personnel, planters, millers, traders, manufacturers, exporters, economists, policy makers and academicians are encouraged to participate in this seminar.

    Those interested in participating in the seminar can visit the website www.mpob.gov.my. for more information.