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Malaysia's finance ministry said it will not abolish the windfall profit levy on palm oil, which applies a 3% rate to prices above RM3,000 per ton in Peninsular Malaysia and RM3,500 per ton in Sabah and Sarawak. The ministry said it would periodically review the rate and threshold, and the plantations ministry is reviewing the tax with completion targeted for next year.
Keeping the levy preserves a cost burden on planters, which could slightly constrain output growth over time. The near-term impact on palm oil prices is limited because no rate change has been made.
businesstimes.com.sg27 oct 2023Tras 513 eventos neutral de política pasados, Aceite de palma se movió una mediana de 0,0 % en 5 sesiones (50% al alza; mitad central entre -1,6 % y +1,4 %), y -0,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
