[caption id="attachment_200926" align="aligncenter" width="747"]
Photo taken from The Edge Markets[/caption]
KUALA LUMPUR - The Rubber Production Incentive (IPG) has been activated for January 2019 in the peninsula, Sabah and Sarawak.
It comes with a cuplump or scrap rubber payment of 50 sen per kilogramme (kg) for Peninsular Malaysia, 80 sen per kg for Sabah and 70 sen per kg for Sarawak.
The Malaysian Rubber Board (LGM), in a statement today, said the IPG was activated as the average farm-gate cuplump price for the month was at RM2 per kg for Peninsular Malaysia, RM1.70 per kg for Sabah and RM1.80 per kg for Sarawak.
"Effective January 2019, IPG was activated as the monthly average price of SMR 20 FOB was at the level of RM6.10 per kg or the farm-gate price was at RM2.50 per kg and below.
"Smallholders can make their IPB claim based on the January 2019 production from Feb 1 to 28, 2019," the LGM said.
Last December, Deputy Finance Minister Datuk Amiruddin Hamzah was reported as saying that the government fixed the floor price of scrap rubber at RM2.50 per kg from January 2019 to ease the burden of rubber smallholders due to the fall in the commodity price.
-BERNAMA
