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RTRS-Malaysia to hike palm tax threshold -paper

Posted by Flora Sawita Labels:

KUALA LUMPUR, Jan 23 (Reuters) - Malaysia is expected to raise the windfall tax threshold for crude palm oil next month as planters face high production costs, the Edge Financial Daily reported on Friday, quoting an unidentified source.
The paper said the threshold could be raised to around 2,600-2,800 ringgit ($718-$774) per tonne from 2,000 ringgit now, with a finance ministry decision expected by February.
"The authorities are coming up with a compromise between the planters and the government for the long term," the source was quoted as saying.

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