Breaking News-RTRS-Malaysia may scrap palm oil windfall tax-report

KUALA LUMPUR, Jan 19 (Reuters) - Malaysia may scrap a windfall tax on palm oil if the price rises further, the country's commodities minister Peter Chin was quoted as saying on Monday by state news agency Bernama.
The Malaysian government in June imposed a windfall tax on crude palm oil sales of above 2,000 ringgit ($559.3) per tonne, following a surge in palm oil prices that in March rose to above 4,000 ringgit ($1,119) a tonne.