Selangor Journal
Photo for illustration purposes only. — Picture by iSTOCK

Rubber production incentive activated for September 2023

KUALA LUMPUR, Sept 29 — The Rubber Production Incentive (IPG) for smallholders has been activated for Peninsular Malaysia, Sabah and Sarawak based on the September 2023 production, said the Malaysian Rubber Board (MRB).

MRB said the average price at the farm level for cup lump or scrap rubber in September was RM2.65 per kilogramme (kg) for Peninsular Malaysia, RM2.30 per kg for Sabah and RM2.20 per kg for Sarawak.

“Meanwhile, the activated IPG for cup lump and latex for the month in Peninsular Malaysia is at the rate of five sen per kg for 50 per cent dry rubber content (DRC) and 10 sen per kg for 100 per cent DRC,” it said in a statement today.

The board said the rate in Sabah is 40 sen per kg for 50 per cent DRC and 80 sen per kg for 100 per cent DRC, whereas the rate in Sarawak is 50 sen per kg for 50 per cent DRC and RM1.00 per kg for 100 per cent DRC.

It said the IPG for latex is fixed at 90 sen per kg for 100 per cent DRC, and it would be activated if the IPG cup-lump is activated.

MRB said smallholders in Peninsular Malaysia, Sabah, and Sarawak are eligible to receive IPG payments from Oct 1-31, 2023.

Effective January 2023, the IPG is activated if the average monthly farmgate price for cup lump rubber is RM2.70 per kg or below, it said.

The increase of the activation price level is one of the government’s initiatives via the Budget 2023 announcement, it added.

— Bernama

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