KUALA LUMPUR: MPOCC participated in the 3-day Palm and Lauric Oils Price Outlook Conference & Exhibition (POC2017) organised by Bursa Malaysia Derivatives Berhad (BMD) that was held at the Shangri-La Hotel Kuala Lumpur on 6-8 March 2017.
The annual event appropriately entitled ‘100 Years of Palm Oil in Malaysia More Sustainable Through Bursa Palm Oil Futures’ attracted about 2,000 participants, both local and international from the oils and fats industry from more than 50 countries.
POC is a networking platform for the exchange of ideas, solutions and trends regarding latest developments, first-hand knowledge and insights from top industry experts on the supply, demand and price outlook of the palm and lauric oils market amongst the delegates who hail from all parts of the world and from throughout the industry value chain.
MPOCC participated in POC for the first time since its operation in early 2016. The MPOCC Booth (No. 40) attracted a huge number of visitors who showed great interest in the operation of the MSPO Certification Scheme. Various brochures and flyers on MPOCC and the MSPO Certification Scheme, including information on the MSPO standards and certification procedures were distributed.
Minister of Plantation Industries and Commodities YB Datuk Seri Mah Siew Keong made an opening remark for the POC2017. During his tour to the exhibition booths after officiating the event, he visited MPOCC booth.
At the MPOCC booth, the minister YB was informed of the progress in the implementation of the MSPO Certification Scheme and the efforts taken to provide information to the relevant stakeholders, particularly to the smallholders.
In his opening remarks at the conference, YB Datuk Seri Mah Siew Keong reiterated the earlier announcement regarding the proposed timeline towards mandatory MSPO Certification, with the larger plantation holding RSPO Certification to become MSPO certified by 31 December 2018.
He said that Malaysia will embark on the mandatory certification of certified and sustainable palm oil under the MSPO standard which has been developed taking into account of Malaysia laws and regulations including sustainability criteria. The scheme is implemented on a voluntary basis beginning 2015 will be made mandatory in stages starting 31 December 2018.
MPOCC is an independent non-profit organisation established in December 2014 to develop and operate the Malaysian Sustainable Palm Oil (MSPO) Certification Scheme. Incorporated as a company under the Companies Act 1965, it is limited by guarantee. MPOCC is governed by a Board of Trustees and started its operation in October 2015.