Govt can earn up to RM500m palm oil windfall profit levy in 2021 - MPOB

The government is expecting to earn palm oil windfall profit levy of about RM500 million in 2021, if the price of crude palm oil (CPO) records between RM3,000-RM3,500 per tonne, compared to the expectation of RM348 million for this year.

Malaysian Palm Oil Board (MPOB) chairperson Ahmad Jazlan Yaakub said the revenue collection was not impossible if the CPO price remained above RM3,000 per tonne level...