TAIPING: The Ministry of Plantation and Commodities (KPK) will collect data related to the costs involved from all players in the palm oil industry be...
The Ministry of Plantation and Commodities will collect data related to the costs involved from all players in the palm oil industry before any decision regarding the windfall profit levy on palm oil in this country is sent to the Ministry of Finance .
“We made an average to see whether the cost of producing one tonne of palm oil has reached RM3,000, so if the market price of CPO has not even reached RM3,500, we will not call it a windfall tax ? On July 4, Johari was reported to have said that the price of palm oil will become uncompetitive compared to other producer countries if the WPL on palm oil in this country is not revised.
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