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Our Bureau

Mumbai, July 18 The global vegetable oil market has turned bullish following perceived demand-supply imbalance in the wake of huge demand surge from the biodiesel industry.

In the last 12 months, prices have spiked by over 40 per cent. Currently, weather-induced uncertainty too contributes to market volatility.

How does the immediate future look like? Will there be demand compression? Will production respond to high prices? What are the inherent risks in the market and how should trade and industry manage the risk? How would the race between palm oil and soyabean oil pan out in future?

These are some of the key questions that one might be able to seek answers to at the Singapore International Oilseeds and Oils Conference 2007 to be held during August 13-15.

Major topics that would be addressed by experts include impact of biofuels on the dynamics of the oil market; issues like sustainability, logistics (shipping and freight) and food safety (trans fats).

Price outlook of major oils would be the highlight of the event. The focus will be on markets and economics, according to Mr Allan Au Yong of Ground Breakers Sdn Bhd, the Kuala Lumpur-based event organisers who told Business Line th at well-known experts from around the world would share their knowledge with participants.

The event sponsors include Joint Asian Derivatives Exchange (JADE), plantation companies, commercial banks and service providers. Among the expert speakers are Mr Dato Sabri Ahmad, Group CEO of Golden Hope Plantation; Mr Dorab Mistry of Godrej International, and Mr David Jackson of LMC International in addition to speakers from Rabobank, JADE and the biodiesel industry.

For more details, visit: www.groundbreakers.com

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