scrap rubber

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.

Baling MP Abdul Azeez Abdul Rahim has called on the government to consider fixing the floor price of scrap rubber at RM3.50 per kg as a long term measure to increase the income of smallholders.

The Plantation Industries and Commodities Ministry will study a proposal to increase the floor price of scrap rubber to RM3.50 a kilogramme (kg) to increase the income of smallholders in the country.

The government must find a formula or method to increase the price of scrap rubber so that rubber smallholders under Risda can enjoy a better income.

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Allocation for operating, service and supply expenses is the largest component, accounting for 38.7 per cent of the total.