Time To Review Palm Oil Windfall Levy?

Khor Yu Leng, Economist, Segi Enam Advisors

15-Jan-24 07:45

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Malaysia has imposed a windfall tax levy of 3% on palm oil prices above RM3000 for Peninsular Malaysia and RM3500 for East Malaysia since 1998. Industry players have made calls to the government to do away with this levy - what justifications are they putting forth? We speak with economist Khor Yu Leng of Segi Enam Advisors to find out what needs to be done for Malaysia to remain relevant in the palm oil supply chain.

Image credit: Shutterstock.com

Produced by: Anwar Mahbob

Presented by: Shazana Mokhtar, Wong Shou Ning

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Categories: economy

Tags: windfall tax palm oil, plantation and commodities, palm oil industry, datuk johari abdul ghani,

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