05/05/2012 (Bernama) - Sandakan will once again play host to Malaysia's largest palm oil exhibition, PALMEX Malaysia 2012, amid its growing prospects and importance in the country's oil palm industry.

The second largest city in Sabah with its port exporting about 40 per cent of Sabah's total palm oil exports, Sandakan successfully ran the previous two exhibitions, with the last exhibition recording transactions worth more than US$80 million during its three-day fair, said Jerel Soo, managing director of event organiser, Fireworks Events (M) Sdn Bhd.

The 3rd edition of Palmex Malaysia, to be held this May 23-25, is expected to host more than 3,500 local and international participants from the Philippines, China, Pakistan, America, Korea, Japan, Indonesia and Nigeria.

"We are expecting more than US$85 million worth of business deals to be sealed during the event. With exhibitors from China, Germany, India, Korea, Malaysia, US, UK and Singapore, this international exhibition will feature more than 100 quality exhibitors showcasing the latest technology in palm oil industry," he said.

Highlights at the event would include a high-profile palm oil conference themed "Green Technology for SMEs" on the first day at Sabah Hotel, with over 100 confirmed attendees and a palm oil refinery visit for invited guests at IOI Corporation and Wilmar on the second day.