Competitiveness of M’sian palm oil industry at stake if windfall tax not revised: Johari

📆 04/07/2024 07:09:00
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BANGI: The competitiveness of Malaysia’s palm oil industry is at stake if the windfall tax is not revised, said Plantation and Commodities Minister Da...

Johari launching the 30th Malaysian Palm Oil Board Transfer of Technology Seminar and Exhibition. Second from left is MPOB Datuk Mohamad Helmy Othman Basha. – Bernamapic

Johari noted that when the government initially imposed the windfall tax, the cost of producing one tonne of palm oil was RM1,800. During the question and answer session in the Dewan Rakyat on Tuesday, Johari suggested reviewing the windfall profit levy on palm oil in Budget 2025, in line with commodity prices.

Johari launched the commercialisation of two products – Walbac Eco-Friendly Biological Pesticide and MPOB Fertiliser Formulations F2 and F6.

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