◂ Event Timeline

Sep 18, 2023POLICYMalaysia

Malaysia reviewing windfall tax on palm oil industry

Malaysia currently levies a 3% windfall tax on palm oil prices above RM3,000 per tonne in peninsular Malaysia and above RM3,500 per tonne in Sabah and Sarawak. The government is reviewing this windfall levy.

WHY IT MATTERS

A possible change to the windfall levy could alter producer margins and export availability. The review has not yet produced a decision, so the price effect is uncertain.

AFFECTSPalm Oil◆

SOURCE
businesstimes.com.sgSep 18, 2023

Price reaction & history

Palm Oil◆neutralSO FAR1d -1.0%5d -1.6%20d -4.3%

After 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.

Oct 27, 2023Malaysia will not remove windfall tax on palm industry: state media - The Business Times+2.3%
Nov 30, 2020Malaysia says no decision to extend palm oil export tax exemption beyond 2020 - The Business Times+4.7%
Apr 12, 2020Malaysia cuts crude palm oil export duty for May to 4.5% - The Business Times-1.4%
Jan 27, 2023Indonesia wants palm oil exporters to trade on local exchanges - The Business Times-1.9%
May 27, 2019Malaysia, Indonesia to talk on retaliatory moves for palm oil-0.1%

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.

Palm Oil PALMOIL · GP ▸

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