Effects of windfall profit levy on the palm oil industry

THE sustainable palm oil production in Malaysia is the consequence of many people’s long years of suffering and sacrifice. This obvious land-based, capital-intensive, risky and long-haul business had survived world wars, the Great Recession, the Great Depression, as well as numerous natural disasters.

However, due to rising prices and price instability, many private sectors that are dominated by local businesses, particularly small and medium enterprises, are finding it difficult to make ends meet.