# Minister: Govt to channel 50pc of crude palm oil windfall tax to biofuel fund | Malay Mail

> Malaysia's Primary Industries Minister Teresa Kok said at least 50% of the crude palm oil windfall tax will go to a biodiesel stabilisation fund expected to be set up in Q1 2020. She also said 62.4% of Malaysian oil palm area was MSPO-certified as of January 6.

- Date: 2020-01-07 · published 2020-01-07T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54958-minister-govt-to-channel-50pc-of-crude-palm-oil-windfall-tax-to-biofuel-fund
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Earmarking windfall levy revenue for biodiesel supports domestic biodiesel demand, a supportive factor for palm oil, though the fund's size and timing remain uncertain.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-04-08 | [Indonesia to adjust crude palm oil export tax, finance minister says](https://feedsoft.ai/events/15566-indonesia-to-adjust-crude-palm-oil-export-tax-finance-minister-says.md) | +0.7% | -4.1% |
| PALMOIL | 2025-05-14 | [Indonesian palm oil exports set to fall with biofuel mandate - Nikkei Asia](https://feedsoft.ai/events/24754-indonesian-palm-oil-exports-set-to-fall-with-biofuel-mandate-nikkei-asia.md) | +0.7% | +1.5% |
| PALMOIL | 2021-09-20 | [Malaysia keeps Oct crude palm oil export tax at 8%](https://feedsoft.ai/events/44940-malaysia-keeps-oct-crude-palm-oil-export-tax-at-8.md) | +1.0% | +12.6% |
| PALMOIL | 2024-11-07 | [Indonesia's palm oil fund urges govt to rethink biodiesel funding plan \| Reuters](https://feedsoft.ai/events/15603-indonesia-s-palm-oil-fund-urges-govt-to-rethink-biodiesel-funding-plan-reuters.md) | +0.4% | +1.8% |
| PALMOIL | 2023-08-29 | [Malaysia: Effects of windfall profit levy on the palm oil industry](https://feedsoft.ai/events/15711-malaysia-effects-of-windfall-profit-levy-on-the-palm-oil-industry.md) | +1.2% | -3.2% |

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2020/01/07/minister-govt-to-channel-50pc-of-crude-palm-oil-windfall-tax-to-biofuel-fun/1825584

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