Article Related To Rubber Production Incentive

Ismail Sabri has given his assurances to review the rubber market price set for the Rubber Production Incentive (IPG) if he returns to lead the government after the GE15.

An estimated RM1 billion in additional allocation will be required annually if the PHP for scrap rubber under the Rubber Production Incentive (IPG) is raised to RM3.50 per kg.

A total of RM1.7 billion will be allocated in the form of subsidies, assistance and incentives to farmers and fishermen under Budget 2021.

The government is currently looking into factors that contribute to the issue.

Malaysian Rubber Board (MRB) director-general Datuk Dr Mohd Akbar Md Said said the government had allocated some RM200 million for IPG payment.

Some 300,000 rubber smallholders from the rural areas will benefit from the government's decision to raise the rubber production incentive.

The Rubber Production Incentive increased to RM5.10 from RM4.60 per kilogram for the SMR 20 FOB rubber and cuplumps was also raised to RM2.00 per kilogram exit farm price.

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