The government's initiatives in Budget 2025, which includes tax incentives and replanting support, provide a significant boost to the competitiveness of the palm oil industry.
One of the key highlights is the increase in the windfall profit levy threshold from RM3,000 to RM3,150 per tonne in Peninsular Malaysia and from RM3,500 to RM3,650 per tonne in Sabah and Sarawak.
