# Malaysia reviewing windfall tax on palm oil industry  - The Business Times

> 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.

- Date: 2023-09-18 · published 2023-09-18T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15705-malaysia-reviewing-windfall-tax-on-palm-oil-industry-the-business-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## 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.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-10-27 | [Malaysia will not remove windfall tax on palm industry: state media - The Business Times](https://feedsoft.ai/events/15697-malaysia-will-not-remove-windfall-tax-on-palm-industry-state-media-the-business.md) | +2.3% | +5.6% |
| PALMOIL | 2020-11-30 | [Malaysia says no decision to extend palm oil export tax exemption beyond 2020 - The Business Times](https://feedsoft.ai/events/50045-malaysia-says-no-decision-to-extend-palm-oil-export-tax-exemption-beyond-2020.md) | +4.7% | +6.7% |
| PALMOIL | 2020-04-12 | [Malaysia cuts crude palm oil export duty for May to 4.5% - The Business Times](https://feedsoft.ai/events/53507-malaysia-cuts-crude-palm-oil-export-duty-for-may-to-4-5-the-business-times.md) | -1.4% | -11.4% |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2019-05-27 | [Malaysia, Indonesia to talk on retaliatory moves for palm oil](https://feedsoft.ai/events/58959-malaysia-indonesia-to-talk-on-retaliatory-moves-for-palm-oil.md) | -0.1% | -0.3% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/malaysia-reviewing-windfall-tax-palm-oil-industry

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.