KUALA LUMPUR (Oct 8): The Rubber Production Incentive (IPG) has been activated nationwide for September, the Malaysian Rubber Board announced today.
In a statement, the board said the cuplump payment would be 45 sen per kg for the peninsula, 75 sen per kg for Sabah and 55 sen per kg for Sarawak.
This followed the average September farmgate prices for cuplump or scrap rubber of RM2.05 per kg, RM1.75 per kg and RM1.95 per kg for the peninsula, Sabah and Sarawak, respectively, it said.
“Smallholders can make their IPG claims based on September production from Oct 1 to 31, 2019,” it added.
Effective from January this year, the IPG will be activated when the average monthly SMR 20 FOB is at the RM6.10 level or the farmgate price is at RM2.50 per kg or lower. Previously, the activation price at the farmgate level had been RM2.20 per kg.