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Malaysia's Plantation Ministry will propose to Budget 2025 that part of the windfall levy be channeled to levy-paying planters for replanting. Johari Abdul Ghani said production costs have risen from RM1,800 to RM2,800-3,000 per tonne, making the windfall levy formula impractical.
Redirecting windfall tax revenue toward replanting could raise future yields and improve palm supply over time. Any change in the export tax regime would affect Malaysian export costs and prices.
theedgemalaysia.comJul 2, 2024After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
