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Malaysia's Windfall Profit Levy Act 2023 and the related oil palm fruit order took effect, drawing criticism from planters, especially smaller businesses. The article argues planters were not consulted and that the levy is heavily taxed and regulated.
A windfall levy on palm fruit cuts planter margins, which can reduce investment and tighten future supply, supporting palm oil prices over time.
ukragroconsult.comAug 29, 2023After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
