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POINTERS ON THE PRICE TRENDS
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Anticipating 2014 Palm Oil Price Direction:
Palm Oil Price Outlook – First Half 2014 Forecast
Mr. Mohamad Suhaili Hambali
Mohamad Suhaili has started his career in Palm Oil industry since 1993 as Assistant Manager in Ladang Tabung Angkatan Tentera, Sabah, Malaysia and Loagan Bunut Plantation, Sarawak, Malaysia under the management of Boustead Estate Agency. Then, he joined private company Perusahaan Binasama supplying material and servicing oil palm plantation in Sarawak, Malaysia, as Business Development Manager. In 2009, he joined Malaysian Palm Oil Council as Market Analyst responsible on monitoring and developing programs for expansion of Malaysian palm oil in Middle East Region. Apart from that, he also involve in economic analysis of palm oil industry and price forecasting. Mohamad Suhaili graduated from University of Agriculture Malaysia with Diploma in Agriculture, Bachelor and Master in Business Administration (MBA) from University Technology Mara, Malaysia.
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This presentation covers both demand and supply scenarios of global oils & fats focusing on the demand of key countries and the supply of key commodities in global market. For the demand side, four key countries will be highlighted such as China, India, Europe and USA. For supply side, four commodities’ current development will be explored such as Palm oil itself, soybean oil, rapeseed oil and sunflower oil. Energy market such as the development of biodiesel market will also be presented as it has a great impact on the fluctuation of global oils and fats prices. Toward the end, there will be a price trend analysis of oils and fats and palm oil price forecast for the first half of 2014.
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