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MPOB: Govt may earn over RM500m in palm oil windfall profit levy RAUB (Dec 12): The government is expected to earn palm oil windfall profit levy of more than RM500 million in 2021 if the price of crude palm oil (CPO) remains stable at RM3,000 per tonne until next year. Malaysian Palm Oil Board (MPOB) chairman Datuk Ahmad Jazlan Yaakub said this is an important contribution of the palm oil industry for the plantation sector to gross domestic product (GDP), as the country grapples with the Covid-19 pandemic. “Palm oil prices may rise higher as foreign demand continues to rise. This is also be...

Published on: Sunday, December 13, 2020 By: Bernama Credit: MalayMail.com RAUB: The Government is expected to earn palm oil windfall profit levy of more than RM500 million in 2021 if the price of crude palm oil (CPO) remains stable at RM3,000 per tonne until next year. Malaysian Palm Oil Board (MPOB) Chairman Datuk Ahmad Jazlan Yaakub said this is an important contribution of the palm oil industry for the plantation sector to gross domestic product (GDP) as the country grapples with the Covid-19 pandemic. "Palm oil prices may rise higher as foreign demand continues to rise. This is also becau...