No IPG Payment For December 2024 -- MRB

KUALA LUMPUR, Jan 3 (Bernama) -- The Malaysian Rubber Board (MRB) has announced that the Rubber Production Incentive (IPG) for cuplump and latex has not been activated for December 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 at RM3.00 per kilogramme (kg) or below.

It added that the IPG for latex would only be activated when the cuplump’s IPG is activated, and that the IPG rate for latex is fixed at 90 sen per kg for latex with 100 per cent dry rubber content. 

For December 2024, the average price for cuplump for Peninsular Malaysia, Sabah and Sarawak was at RM3.80, RM3.50, and RM3.25 per kg, respectively.

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

-- BERNAMA