Rubber Production Incentive activated for September

Rubber Production Incentive activated for September
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KUALA LUMPUR (Oct 15): The Rubber Production Incentive (IPG) has been activated for September in the peninsular, Sabah and Sarawak.

It comes with a cuplump payment of 20 sen per kg for the peninsular, 50 sen per kg for Sabah and 45 sen per kg for Sarawak.

in a statement, the Malaysian Rubber Board said the IPG for September follows the average farm-gate rubber price for the month at RM2 per kg for the peninsular, RM1.79 per kg for Sabah and RM1.75 per kg for Sarawak.

“Effective January 2016, the IPG was activated when the average monthly SMR 20 FOB was at a level of  RM5.50 per kg or the farmgate price was at RM2.20 per kg and below.

“Smallholders can make their IPG claims based on the September production from Oct 1-31,” it added.