Thousands of Global Business Players To Attend IPOC 2022

JAKARTA – More than 1,500 business players from 35 countries will attend the Indonesian Palm Oil Conference (IPOC) 2022 and Price Outlook 2023, which will be organized by the Indonesian Palm Oil Association (GAPKI) in Nusa Dua, Bali on 2-4 November 2022.

“Until now more than 1,500 business players from 35 countries are expected to attend the palm oil conference and exhibition of IPOC 2022 and 2023 Price Outlook,” said Mona Surya, Chairperson of IPOC 2022, in a press statement on Thursday, 27 October 2022.

Mona said that after two years being organized through online due to Covid-19 pandemic, this year the 18th IPOC will be held as an offline event in Bali. The business players who involve in the global supply chain of palm oil are very enthusiastic in participating in the world’s largest palm oil conference, which will discuss, among others, the price outlook of crude palm oil (CPO) in 2023.

“The number of conference participants is more than 1,200 business players, while the others are exhibitors and visitors of the global event,” said Mona.

GAPKI Chairman Joko Supriyono said that  IPOC 2022 is a very strategic event and necessary for palm oil players to analyze the global market condition of palm oil next year. The more so, as the imbalance of supply and demand as a result of the Russia-Ukraine war will still reign the global market of vegetable oils next year.

“We’re certainly concerned with the geopolitical condition in Europe. We hope the war will soon end. Amid such global uncertainty, the palm oil has become a savior in maintaining the stability of global food security,” said Joko.

The geopolitical condition in Europe will become one of the topics to be discussed during the first day of the conference. Present during the first day session will be, among others, Andri Hadi (Indonesia’s Ambassador to Belgium, Luxembourg, and European Union), Prof Pietro Paganini (John Cabot University, Rome), and Khor Yu Leng (Singaporean Economist).

During the second day’s sessions will be addressed by global commodity analysts, including James Fry (LMC International) and Thomas Mielke (Oil World). They will talk about the factors that will affect the supply and demand at the global market of vegetable oils.

Other commodity analysts who will address the sessions include Nagaraj Meda (TransGraph) and Dorab Mistry (Godrej International Ltd).

Mona Surya said that IPOC 2022 will be formally opened by Economic Coordinating Minister Airlangga Hartarto who will also deliver his keynote speech during the first day session. “Besides global issues, IPOC will also discuss the dynamic growth of palm oil industry during 2022 in Indonesia. The palm oil policy in Indonesia will also affect the supply and demand of palm oil at the global market of vegetable oils,” said Mona.

Besides the conference and exhibition, the IPOC conference will be marked with other sideline events, which include golf tournament and networking night for the conference participants. (*)