Primary Industries ministry optimistic about CPO windfall tax


KUALA LUMPUR: The Ministry of Primary Industries (MPI) is optimistic that the Finance Ministry will approve its proposal for the three per cent windfall tax imposed on palm oil planters to be channelled back to the industry.

Minister Teresa Kok said she expects her 2020 wish to be granted by the MOF and has listed down several things that she needs to do next year to help stabilise crude palm oil prices, which is currently trading at almost RM2,900 per tonne against RM1,700 per tonne in December last year.

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