The Plantation Industries and Commodities Ministry and the Malaysian Palm Oil Board (MPOB) came under heavy criticism lately from planters badly affected by the sharp fall in crude palm oil (CPO) prices. Planters are urging the Government to consider relaxing the payment of MPOB cess, CPO sales taxes and regulating the high fertiliser prices. Minister Datuk Peter Chin Fah Kui talks at length on the latest strategies and measures taken by his ministry.
The crux of the local planters’ problem is the sharp fall in CPO prices amid historically high palm oil inventory at about 2.3 million tonnes. How will the Government address this issue?
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