Windfall taxes again for oil palm companies?


PETALING JAYA: Oil palm plantation companies in Peninsular Malaysia could start paying windfall taxes again in May and June should the average price of crude palm oil (CPO) touch RM2,500 per tonne this month.

But renewed payment of the windfall tax could be shortlived as CPO prices were likely to retreat as production increased in the second half of the year, industry players and analysts said.

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