JAKARTA - The Indonesian Palm Oil Entrepreneurs Association (Gapki) stated that during 2024 the palm oil industry still faces a number of challenges both domestically and globally.
According to General Treasurer Gapki Mona Surya, domestic challenges such as issues regarding stagnation in production and productivity, policy uncertainty, and the average age of plants entering the replanting period.
"Some of these challenges need special attention from stakeholders," Mona said, quoting Antara.
Meanwhile, challenges from abroad faced include a balance between supply and demand for other vegetable oils, a negative campaign related to sustainable supply chains to geopolitical factors in Europe and the Middle East.
One of the policy challenges from the European Union, he continued, is that the European Union's Deforestation Policy (EUDR) risks becoming an obstacle in the international market.
"This policy has the potential to have a significant impact on palm oil farmers in main producing countries such as Indonesia (41 percent of global production) and Malaysia (27 percent)," he said.
Responding to the dynamics full of uncertainty, Gapki is ready to hold 20th Indonesian Palm Oil Conference and 2025 Price Outlook (IPOC 2024) on November 6-8 2024 in Nusa Dua, Bali.
With the theme "Seizing Opportunities Amid Global Uncertainty", continued Mona who is also the Chair of the IPOC Implementation Committee 2024, this conference is expected to be a strategic forum to discuss various opportunities amid global uncertainty.
According to him, the conference will also present an in-depth analysis of the global vegetable oil market situation, focusing on the latest developments and dynamics affecting the palm oil industry.
"The various policies of Indonesian palm oil, market perspectives from importing countries, as well as the analysis of the world's supply and demand for palm oil will be the main discussion topic in the 2024 IPOC," he said.
BACA JUGA:
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Tumpang Tindih Regulasi jadi Penyebab Lambatnya Peremajaan Sawit Rakyat
30 Agustus 2024, 10:23
Experts in the field of vegetable oil such as Thomas Mielke (Oil World), Julianction (Glenauk Economics), Nagaraj Meda (Transgraph), and Dorab Mistry (Godrej International Ltd) are scheduled to be present to give their views on future price trends.
He said the IPOC had become a forum for stakeholders in the palm oil industry, both at the national and international levels for the last 19 years.
The two-day implementation includes conferences, product exhibitions, technological developments, and the latest services in the palm oil industry.
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