RUBBER PRODUCTION INCENTIVE ACTIVATED FOR MARCH 2023
KUALA LUMPUR, 31 March 31 (Bernama) -- The Rubber Production Incentive (IPG) for smallholders has been activated for Peninsular Malaysia, Sabah and Sarawak beginning from April 1-30, 2023, based on the production for March 2023.
The Malaysian Rubber Board (MRB) said in a statement that the average price at the farm level for cup lump or scrap rubber in March 2023 was RM2.35 per kg for Peninsular Malaysia and RM2.00 per kg for Sabah and Sarawak.
It said the activated IPG rate for cup lump and latex for the month in Peninsular Malaysia is 15 sen per kg for 50 per cent dry rubber content (DRC) and 30 sen per kg for 100 per cent DRC.
In Sabah and Sarawak, the rate is 50 sen per kg (50 per cent DRC) and RM1 per kg (100 per cent DRC).
MRB said the activated IPG latex is at 90 sen per kg for 100 per cent DRC.
Since January 2019, IPG has been activated when the average monthly price for ‘Standard Malaysian Rubber’ (SMR) 20 free on board is RM6.10 per kg or the farm-gate price of cup lump is RM2.50 per kg or less.
IPG latex will be activated if the IPG cup lump is activated.
IPG latex rate is fixed at 90 sen per kg for 100 per cent DRC.
-- BERNAMA
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