CPO export tax to impact plantation players

Neutral impact: Integrated players like Genting Plantations will see the impact ot the tax mitigated by their downstream operations. — Bloomberg

PETALING JAYA: Plantation players are bracing for the 5% tax which will be imposed on their CPO exports next month for the first time since August last year.

This is in addition to the palm oil windfall profit tax (WPT), which is also anticipated to come into effect next month, in view of the strong rally in CPO prices.