Themed' The Oil Palm Industry: Navigating Challenges Embracing Opportunities in a Post-Covid Landscape', the seminar will also focus on the way forward for the palm oil industry, approaches taken by the government, and trade development and its impact on the commodity.
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Indonesia and Malaysia constitute 85% of the world's palm oil supply followed by Nigeria, Thailand and Colombia.
Ahmad Parveez emphasised that the year 2022 is expected to bring a brighter prospect for the Malaysian palm oil industry with all key industry indicators projected to show a better performance.
Ahmad Parveez also said Indonesia could afford to ban exports given that the republic is a major world consumer of palm oil, apart from being a top global producer.
Bursa Malaysia Derivatives chairman Datuk Muhamad Umar Swift is of the view that the current subsidy is an imperfect tool given its blanket coverage.