# Planters call for lower taxes in Budget 2019 amidst tough outlook | Borneo Post Online

> Sabah and Sarawak palm oil planters are urging the government to review heavy industry taxes in Budget 2019. They propose subsidies when CPO falls below RM2,500 per tonne and windfall levies above RM3,000, citing volatile prices and El Niño weather.

- Date: 2018-10-20 · published 2018-10-20T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62406-planters-call-for-lower-taxes-in-budget-2019-amidst-tough-outlook-borneo-post
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tax and levy changes affect planter margins and output decisions, and the stated El Niño risk could tighten future palm supply.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-11-12 | [EU states call for tough action on deforestation to meet 2020 UN goal](https://feedsoft.ai/events/62079-eu-states-call-for-tough-action-on-deforestation-to-meet-2020-un-goal.md) | -2.3% | -2.3% |
| PALMOIL | 2017-03-08 | [Malaysia keen to standardise cpo duty structure with Indonesia \| Borneo Post Online](https://feedsoft.ai/events/71875-malaysia-keen-to-standardise-cpo-duty-structure-with-indonesia-borneo-post.md) | -2.6% | -7.5% |
| PALMOIL | 2018-01-18 | [EU resolution on palm oil against ISCC system – Expert \| Borneo Post Online](https://feedsoft.ai/events/67025-eu-resolution-on-palm-oil-against-iscc-system-expert-borneo-post-online.md) | +0.5% | -0.0% |
| PALMOIL | 2024-07-02 | [Plantation Ministry will propose channelling windfall tax to replanting under Budget 2025 — Johari](https://feedsoft.ai/events/15635-plantation-ministry-will-propose-channelling-windfall-tax-to-replanting-under.md) | +0.1% | +0.4% |
| PALMOIL | 2022-02-03 | [Indonesia-based Malaysian planters unable to ride on CPO price boom - Focus Malaysia](https://feedsoft.ai/events/15845-indonesia-based-malaysian-planters-unable-to-ride-on-cpo-price-boom-focus.md) | +0.3% | +20.4% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/10/21/planters-call-for-lower-taxes-in-budget-2019-amidst-tough-outlook/

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