400,000 smallholders to benefit from levy exemption

KUCHING: Plantation Industries and Commodities Minister Datuk Peter Chin welcomed the news that oil palm smallholders with plantations of 40ha and below would be exempted from paying windfall profit levy, saying an estimated 400,000 smallholders throughout the country would benefit from the exemption.

"This is good news for smallholders because they say their costs have increased. (The cost of) their fertiliser, insecticide and pesticide has increased and their labour costs have also increased,” he said.