IPG For Smallholders Not Activated In November - MRB

KUALA LUMPUR, Dec 2 (Bernama) -- The Malaysian Rubber Board (MRB) has announced that the Rubber Production Incentive (IPG) for cuplump and latex has not been activated for November 2024 in Peninsular Malaysia, Sabah dan Sarawak.

In a statement, MRB said that effective January 2024, the IPG would be activated if the average monthly farmgate price for cuplump rubber is RM3.00 per kilogramme (kg) or below.

As for IPG for latex, it will be activated when the cuplump’s IPG is activated. 

The rate of IPG latex is fixed at 90 sen per kg for latex with 100 per cent dry rubber content. IPG will be paid to all eligible Malaysian rubber smallholders.

The statement said for November 2024, the average price for cuplump for Peninsular Malaysia, Sabah and Sarawak was at RM3.65, RM3.30, and RM3.20 per kg, respectively.

Hence, MRB said no IPG payment will be made for this month.

-- BERNAMA