According to press reports, the Malaysian government will collect cess from planters from 1 June 2007 until 31 May 2008 to compensate refiners and packers of cooking oils for the higher CPO price.
We believe palm oil producers will have to pay 50 sen cess for every RM10 above RM1,450 a tonne that CPO price reaches. We have incorporated the cess in our revised earnings estimates.
filed: plantation sector update - Counting the fruits of our CPO price upgrade -10 May 2007
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