15/05/2012 (Bernama) - Contracts worth about US$85 million is expected to be concluded during the 2012 Palm Oil Exhibition (Palmex) in Sandakan beginning May 23.

Sabah Industrial Development and Research Director Patrick Tan said more than 5,000 visitors are expected to throng the three-day exhibition to be opened by Chief Minister Datuk Seri Musa Aman.

"The objective of the expo is to promote downstream and upstream processing activities in the state's oil palm sector," he told a press conference.

A one-day conference would also be held on May 24 in conjunction with the expo to discuss challenges and opportunities of tomorrow in the oil palm industry.

Further information on the exhibition and conference can be obtained via www.asiapalmoil.com.