PETALING JAYA: In view of falling crude palm oil (CPO) prices, planters are asking for a higher threshold price that is used to calculate windfall tax on oil palm companies.
“The CPO threshold price of RM2,000 per tonne under the new windfall tax imposed on oil palm plantation companies should be revised to RM2,500-RM2,700 per tonne, given sharp correction in CPO prices, currently below RM2,700 per tonne,” said Malaysian Estate Owners’ Association (MEOA) president Boon Weng Siew.
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