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BUSINESS • 02/04/2025 12:00 PM

Rubber Production Incentive Not Activated In March -- MRB

KUALA LUMPUR, April 2 (Bernama) -- The Rubber Production Incentive (IPG) for March 2025 in Peninsular Malaysia, Sabah, and Sarawak was not activated because cup lump rubber’s monthly average farm gate price was above RM3.00 per kilogramme (kg).

The Malaysian Rubber Board said March 2025's average farm gate price for cup lump rubber in Peninsular Malaysia, Sabah, and Sarawak was RM3.80 per kg, RM3.45 per kg and RM3.40 per kg, respectively.

“Hence, no IPG payment will be made for that month,” it said in a statement today.

“Latex IPG will also be activated when the cup lump rubber IPG is activated. The rate for latex IPG is set at 90 sen per kg for 100 per cent dry rubber content (DRC).

“IPG will be paid to eligible smallholder rubber farmers who are Malaysian citizens and meet stipulated requirements,” it said.

It was previously announced that effective January 2024, IPG will be activated if cup lump rubber's average monthly farm gate price is at or below RM3.00 per kg.

-- BERNAMA

 

 

 

 


 

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