KUALA LUMPUR – The rubber production incentive (IPG) for January has been activated in the peninsula, Sabah and Sarawak, according to the Malaysian Rubber Board (MRB).
It said the activation was due to the average farm-level rubber price in January for cup lump or scrap rubber being at RM2.45 per kg in the peninsula, RM2.15 per kg in Sabah and RM2.25 per kg in Sarawak.
“The IPG is active for January with payments in the peninsula at five sen per kg, 35 sen per kg in Sabah, and 25 sen per kg in Sarawak,” MRB said in a statement today.
Beginning in January 2019, the IPG has been periodically activated if the average monthly price of Standard Malaysian Rubber 20 free on-board grade rubber is at RM6.10 per kg, or the farmgate price is RM2.50 per kg and below.
“Smallholders have until the end of this month to make their claims,” the board said.
The activation of the IPG provided by the federal government is meant to help rubber smallholders in the country, including those in Sabah and Sarawak, when the price of the commodity drops. – Bernama, February 2, 2021
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