Citing Malaysian Palm Oil Board (MPOB) chairman Datuk Ahmad Jazlan Yaakub (pic), Bernama said that strong demand for palm oil and low inventory would boost the outlook for CPO prices.
PETALING JAYA: The government could earn more than RM500mil in palm oil windfall profit levy next year provided the price of crude palm oil (CPO) remains steady at above RM3,000 per tonne through 2021, according to a report by Bernama.
Citing Malaysian Palm Oil Board (MPOB) chairman Datuk Ahmad Jazlan Yaakub, the news agency reported that strong demand for palm oil and low inventory would boost the outlook for CPO prices.
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