IPOC 2022 & G20 SVOC Held Concurrently First Time in Bali

JAKARTA – For the first time, an international conference that will be attended by representatives of industries of global vegetable oils will be held on 3 – 4 November 2022 in Nusa Dua, Bali. The conference, which is the G20 Sustainable Vegetable Oils Conference (G20 SVOC) is initiated by Indonesia’s economic coordinating ministry in cooperation with the agriculture ministry, the Council of Palm Oil Producing Countries (CPOPC), the oil palm plantation fund management board (BPDPKS), and the Indonesian Palm Oil Association (GAPKI).

“Usually, each of the vegetable oil commodities, such as palm oil, sunflower and soybean, has their own conference. But now, we invite all of the vegetable oil industrial players to meet in one forum, which is also attended by the representatives of their respective producing countries and their associations,” the CPOPC Secretary General Rizal Affandi Lukman said during a press conference on Friday, 28 October 2022.

The G20 SVOC will function as a platform in which the CPOPC will open an opportunity to establish cooperation with the producing and consuming countries of other vegetable oils in supplying sustainable vegetable oils amid the global challenges of climate change and the commitment to reach the target of Sustainable Development Goals (SDGs) 2030.

“Amid disruption of global supply of vegetable oils due to the outbreak of COVID-19 pandemic and Russia – Ukraine conflict, the sustainability of palm oil has enabled it to continue fulfilling the global needs of food and energy. The fact has been supported by the consistency of demand at the global market of vegetable oils, including from countries which are trying to limit the import of palm oil based on the availability of supply,” he said.

Musdhalifah Machmud, Deputy In Charge of Food and Agribusiness Coordination at the Economic Coordinating Ministry, said that the G20 SVOC is also aimed to formulate action plans for each stakeholder to raise productivity, guarantee of fulfilling global need, and improving the supply chain of vegetable oils. The G20 SVOC will become an important opportunity to formulate guidelines for communication and cooperation on a wider scale by involving all stakeholders of the vegetable oils.

“The G20 SVOC will create positive impact in driving up economy, particularly in the sectors of transportation and tourism through the presence of all participants on site during the conference. Besides, the G20 SVOC will also stand as a stepping stone for Indonesia to continually involve in discussions and global actions to solve various problems and challenges facing the global society,” Deputy Musdhalifah said.

Tofan Mahdi, the Communication Division Head of GAPKI, said that GAPKI support all activities of G20 SVOC, which is organized concurrently with the 18th Indonesian Palm Oil Conference and 2023 Price Outlook (IPOC) in Nusa Dua, Bali.

“For journalists, the IPOC and G20 SVOC will provide interesting information regarding the global market of vegetable oils, especially palm oil,” said Tofan.

G20 SVOC will feature 17 speakers, representing various vegetable oils from the government, industrial players and practitioners. (*)

Source: sawitindonesia.com