Govt may earn palm oil windfall profit levy of over RM500 mln in 2021 - MPOB

Govt may earn palm oil windfall profit levy of over RM500 mln in 2021 - MPOB

the Sun Daily - Local·2020-12-13 05:02

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.

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