KUALA LUMPUR, Sept 1 — The rubber production incentive (IPG) for smallholders has been activated nationwide for August, the Malaysian Rubber Board (MRB) said.
In a statement today, it said the average farm prices for cup lump or scrap rubber in August was RM2.30 per kilogramme for Peninsular Malaysia, RM1.95 per kilogramme for Sabah, and RM2.10 per kilogramme for Sarawak.
MRB said the activated IPG for scrap rubber and latex for the month in Peninsular Malaysia is 40 sen a kilogramme for 50 per cent dry rubber content (DRC) and 80 sen a kilogramme for 100 per cent DRC.
In Sabah, the rate is 75 sen a kilogramme for 50 per cent DRC and RM1.50 a kilogramme for 100 per cent DRC, while in Sarawak, it is 60 sen a kilogramme for 50 per cent DRC and RM1.20 a kilogramme for 100 per cent DRC.
The IPG for latex, fixed at 90 sen per kilogramme for 100 per cent DRC, was also activated.
MRB said smallholders nationwide are eligible to receive IPG payments from today until September 30 based on their rubber production in August.
Since January, the IPG has been activated if the average monthly farmgate price of cup lump is RM2.70 per kilogramme or below. The increase of the activation price was one of the government’s initiatives in Budget 2023.
— Bernama
