# BERNAMA - CONSIDER RISING COST OF CPO PRODUCTION WHEN REVIEWING WINDFALL PROFIT LEVY - MPOA

> The Malaysian Palm Oil Association asked the government to factor rising crude palm oil production costs into its review of the windfall profit levy. It also asked for a review of the doubled levy rate for Sabah and Sarawak, which was imposed in 2022. Deputy Finance Minister Ahmad Maslan said the government is prepared to review the windfall profit threshold.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15740-bernama-consider-rising-cost-of-cpo-production-when-reviewing-windfall-profit
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A lower levy or higher threshold would leave more margin for Malaysian producers, which could support output over time. The effect on prices is limited until the review outcome is known.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-09-18 | [Malaysia reviewing windfall tax on palm oil industry  - The Business Times](https://feedsoft.ai/events/15705-malaysia-reviewing-windfall-tax-on-palm-oil-industry-the-business-times.md) | -1.6% | -4.3% |
| PALMOIL | 2024-11-18 | [Gov't Weighs Revision of 7.5% CPO Export Levy](https://feedsoft.ai/events/15605-gov-t-weighs-revision-of-7-5-cpo-export-levy.md) | -2.9% | -2.8% |
| PALMOIL | 2023-10-03 | [DPM Fadillah: Industry players want govt to review windfall profit levy price for Sabah, Sarawak \| Malay Mail](https://feedsoft.ai/events/15698-dpm-fadillah-industry-players-want-govt-to-review-windfall-profit-levy-price.md) | -2.7% | -1.5% |
| PALMOIL | 2019-05-15 | [WTO \| 2019 News items - WTO members consider sustainability of palm oil trade and production](https://feedsoft.ai/events/59119-wto-2019-news-items-wto-members-consider-sustainability-of-palm-oil-trade-and.md) | +1.0% | -1.7% |
| PALMOIL | 2023-10-02 | [Palm Oil Magazine - CPO Reference Price Up in October 2023, CPO OF and Levy Stay Consistent - Palm Oil Magazine](https://feedsoft.ai/events/15694-palm-oil-magazine-cpo-reference-price-up-in-october-2023-cpo-of-and-levy-stay.md) | -4.8% | -3.5% |

## Sources

- bernama.com: https://bernama.com/en/news.php?id=2178854

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