MP SPEAKS | Why can’t Sabahans benefit from their own CPO windfall tax?

MP SPEAKS | At the 33rd Palm and Lauric Oils Price Outlook Conference (POC) 2022 held in Kuala Lumpur recently, nine speakers predicted that crude palm oil (CPO) price will trade between RM4,000 and RM9,427 per tonne. This is after taking into account the Russia-Ukraine war that has blocked off sunflower oil’s trade from the Black Sea region (Russia and Ukraine account for 75 percent of global exports of sunflower oil in 2021), weaker production prospects for corn and soybean in South America, and the recent move by the Indonesian government to expand export licencing requirements for all palm…

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