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Sabah and Sarawak palm oil growers protested the proposed doubling of the windfall profit levy rate from 1.5% to 3% in East Malaysia under Budget 2022. They argue the states already pay a state CPO sales tax and that the increase is inequitable.
The planters' complaint concerns a tax change that could affect production economics in East Malaysia, but it is a lobbying statement without a confirmed policy reversal. Its price effect is limited.
malaysianow.comAhmad Mustakim ZulkifliOct 24, 2021After 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.
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.
