# Malaysia: Effects of windfall profit levy on the palm oil industry

> 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.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/15711-malaysia-effects-of-windfall-profit-levy-on-the-palm-oil-industry
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A windfall levy on palm fruit cuts planter margins, which can reduce investment and tighten future supply, supporting palm oil prices over time.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-10-29 | [Malaysia to raise threshold for palm oil windfall levy next year \| Financial Post](https://feedsoft.ai/events/44419-malaysia-to-raise-threshold-for-palm-oil-windfall-levy-next-year-financial-post.md) | +1.9% | -0.1% |
| PALMOIL | 2021-06-22 | [Indonesia's new palm oil levy likely to lift exporters' profit margin](https://feedsoft.ai/events/46454-indonesia-s-new-palm-oil-levy-likely-to-lift-exporters-profit-margin.md) | +0.7% | +9.2% |
| PALMOIL | 2018-03-31 | [Export tax freeze to support Malaysian palm oil industry \| Borneo Post Online](https://feedsoft.ai/events/65878-export-tax-freeze-to-support-malaysian-palm-oil-industry-borneo-post-online.md) | +3.4% | -0.1% |
| PALMOIL | 2019-01-28 | [Ministerial meeting to discuss ways to strengthen oil palm industry \| Malaysiakini](https://feedsoft.ai/events/6970-ministerial-meeting-to-discuss-ways-to-strengthen-oil-palm-industry-malaysiakini.md) | +4.7% | +3.1% |
| PALMOIL | 2025-02-06 | [Indonesia’s CPO export levy hike will make Malaysian crude palm oil more competitive: Experts](https://feedsoft.ai/events/15582-indonesia-s-cpo-export-levy-hike-will-make-malaysian-crude-palm-oil-more.md) | +4.4% | +3.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/malaysia-effects-of-windfall-profit-levy-on-the-palm-oil-industry/

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