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BUSINESS

Rubber production incentive not activated in May 2022 -- MRB

02/06/2022 12:36 PM

KUALA LUMPUR, June 2 (Bernama) -- The Malaysian Rubber Board (MRB) said the Rubber Production Incentive (IPG) for smallholders was not activated in May 2022 in Peninsular Malaysia, Sabah and Sarawak.

This is because, throughout the month, the average price for cuplump at farm gate for Peninsular Malaysia was RM2.85 per kg, Sabah (RM2.50), and Sarawak (RM2.60).

“As the IPG cuplump and latex was not activated for May 2022 in Peninsular Malaysia, Sabah and Sarawak, no payment was made during the month,” MRB said in a statement here, today.

Since January 2019, IPG would be activated if the average monthly price of SMR 20 free on board (FOB) is at RM6.10 per kg or if the cuplump farm gate price falls below RM2.50 per kg.

For IPG latex, it would be activated when the IPG cuplump is activated, with the rate fixed at RM0.90 per kg of 100 per cent dry rubber content.

The IPG would be paid to qualified smallholders who are Malaysian citizens. 

-- BERNAMA

 

 


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