Organiser

Malaysia International Agricommodity Expo & Summit (MIACES) was organised by the Ministry of Plantation Industries and Commodities (MPIC) Malaysia, and co-organised by Malaysian Rubber Council (MRC), Malaysian Palm Oil Council (MPOC) and Malaysian Timber Council (MTC). The theme of MIACES 2022 was Advancing Agricommodity in Sustainable Ecosystem.

POPSIG as Institution Partner

POPSIG was delighted to be an official Institution Partner of MIACES 2022. View the PDF infographic >>. 

Overview

The Prime Minister of Malaysia YAB Dato' Sri Ismail Sabri bin Yaakob today officiated MIACES 2022. MIACES 2022 involved 10,000 visitors, 1,288 trade delgate participations from 39 countries and over 350 international companies and 537 business to business meetings conducted.

The Prime Minister was joined by the Minister of MPIC YBM Datuk Hajah Zuraida Kamaruddin, Minister of Science, Technology and Innovation (MOSTI) YBM Dato' Sri Dr Adham bin Baba, Deputy Ministers of MPIC and Secretary General of MPIC.

MIACES 2022 helped bridge the gap between industry players, accelerating digitalization to build a sustainable ecosystem. The expo and summit also enabled industry players in each agricommodity network to transact and collaborate in the same hub.

A total of 20 speakers were involved in mentoring and coaching sessions for start-ups in the plantation and commodity industries, as well as recruitment, training and upskilling sessions for all.

The B2B Virtual MIACES platform offered a one-on-one session with exporters, distributors, importers, investors, manufacturers, retailers, merchants, wholesalers and government bodies and agencies.

Speeches

YBM Datuk Hajah Zuraida Kamaruddin, Minister of MPIC Malaysia

The Minister of MPIC underlined that the welfare of plantation workers will be safeguarded. Sustainability issues outlined in the National Agricommodity Policy (DAKN) 2021-2030 will be complied.

Zuraida said MIACES aimed to promote Malaysia as an international hub of the agricommodity sector. It would be able to showcase local innovation and technology at an international level.

MIACES also opened up the space and potential for industry players to penetrate the international market in a conducive business environment.

The business to business meeting provided a collaboration platform to generate income for local agricommodity sector and boost the GDP.

The expo also contributed to the increase of gross domestic product (GDP) and empowered the agricommodity sector.

YAB Dato' Sri Ismail Sabri Yaakob, Prime Minister of Malaysia

During the launching ceremony, the Prime Minister said the government was targeting 300 billion MYR in export value through MIACES. He was confident that MIACES acted as a progressive move to connect industry with innovation for achieving Sustainable Development Goals (SDGs).

Until February 2022, commodity export value rose by 5% compared to the previous year. By the end of 2021, the agricommodity sector achieved trading value of 270.2 billion MYR, equivalent to an increase by 39.7% compared to the previous year.

Ismail Sabri highlighted the importance of reducing the dependency on food imports and strengthening food security. The move to reuse the waste produced would promote circular economy development in Malaysia.

Malaysian Timber Certification Scheme (MTCS) is also widely recognised by the countries. Certified Malaysian timber products were employed for the construction of Japan's National Stadium for Tokyo 2020 Olympics.

China’s state-owned companies will collaborate with Malaysian firms as well as the Malaysian Palm Oil Board to produce oil palm-based products involving 6 billion MYR in foreign direct investment (FDI). The products included hydrotreated vegetable oil (HVO) and sustainable aviation fuels (SAFs).

The development of HVO and SAF plant in Malaysia will drive the palm oil sector towards high-tech and high-value industries. He added that the joint venture (JV) is expected to provide 1,000 job opportunities.

Through MIACES, he told that 300 billion MYR export value for 2022 was targeted compared to 209.5 billion MYR for 2021. The participants of MIACES exhibition could have the opportunity to explore new markets for exports.

The prime minister said MIACES expo could be an excellent platform to promote products and technologies related to the oil palm, rubber, timber, cocoa, pepper and kenaf industries at the international level.

Photos

View the PDFs:

• Part 1
• Part 2
• Part 3

Source: MPIC (2022), MIACES (2022).