MITIGATING THE NEXT WAVE OF MARKET UNCERTAINTIES:
Palm Oil's Significance in the Volatile Edible Oils situation
Wan Aishah binti Wan Hamid
Puan Wan Aishah binti Wan Hamid was appointed as the Chief Executive Officer, Malaysian Palm Oil Council (MPOC) on 1 November 2021.
She started her career at IBM World Trade Corporation, Malaysia and later worked at several international computer companies before moving into the telecommunication and aviation industry at the beginning of the wave of privatization in Malaysia.
She was involved in the formation of mobile telecommunication infrastructure from the analog era into the digital era as well as the acquisition of spectrum allocation from International Telecommunication Union for Malaysia. Through the mergers and acquisitions of companies within the group, both domestically and abroad, she was appointed on most of the Board of companies of which several were listed on Bursa Malaysia such as Technology Resources Industries Berhad, Malaysian Airline System Berhad, Naluri Berhad and Orbcomm Global, L.P. listed on the NASDAQ stock exchange in the USA. She was one of the earliest corporate executives involved in the formation of the Malaysian Industry-Government Group for High Technology (MIGHT). After leaving the corporate world, she is now actively involved in the private businesses, which include being a financial consultant and guest speaker. She is a former member of PRIMA Corporation from October 2020 until December 2021.
Puan Wan Aishah holds a Master in Business Administration (Investment) and Bachelor of Science (Finance) from Southern Illinois University, USA.
As we approach the final quarter of 2022, we have seen the global commodity market going through record highs in the first and second quarters followed by a period of rapid decline especially in the third quarter of the year. What caused the initial price rise was the geo-political conflict in Russia-Ukraine which caused concerns about supplies and disruptions in the supply chain due to port and shipping lines being either closed or limiting their operations.
This was followed by the world is entering into a protracted period of weak growth and high inflation as energy prices rose rapidly and has seen many countries struggle to manage their economies. Compounding this challenge is the soaring exchange rate of the US dollar which has made economists worry that the sharp rise is increasing the likelihood of a global recession.
Overall, the oils and fats production globally will again be led by palm oil which will play a leading role in the global supply of oils and fats. This presentation will analyse issues that will affect palm oil price especially in the final quarter of 2022 such as demand and supply situations of oils and fats. Malaysian and Indonesia will be the focus of the international oils and fats traders as about 30% of the global oils and fats production coming from both countries and the role played by both countries is vital in forecasting palm oil price. We will also take into account the influence of the other competing oils as it will affect demand and price of palm oil. Based on these factors, we will aggregate and analyse the demand and supply scenarios at the global level to forecast the price in 2022.
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