KUALA LUMPUR: Malaysian Palm Oil Association calls on government to indefinitely suspend the windfall tax imposed on palm growers even when prices surpass RM2,500t/ton, while crude palm oil export duty exemption should continue into next year, the group says.
“The industry as whole is just about to recover from the prolonged low palm oil prices and has suffered in terms of low profits and even losses over a period of time, ” Chief Executive Nageeb Wahab says in statement on Friday.
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