Rubber production perks to be implemented Jan
Published on: Saturday, October 18, 2014
KUALA LUMPUR: The rubber production incentives involving an allocation of RM100 million will be implemented in January next year, after its mechanism has been approved by the Cabinet.Minister of Plantation Industries and Commodities, Datuk Amar Douglas Uggah Embas (pic), said the incentives were aimed at reducing the smallholders' economic burden by increasing their revenue amid the volatility in rubber prices."The programme will be activated when the SMR 20 physical price is at RM4.60 per kg and cup lump price at RM1.75 per kg and below," he said at a media briefing here Friday.ADVERTISEMENT The SMR 20 is currently trading around RM4.85.Prime Minister Datuk Seri Najib Tun Razak, in tabling Budget 2015, said the Malaysian Rubber Board (MRB) would get a RM100 million allocation to implement a price regulation mechanism at the farm level.Uggah said the implementation of this programme was through the provision of incentives in the current month based on the average FOB price of SMR 20 in the previous month.The incentives involved 30 sen per kg cup lumps which is 50 per cent dry rubber content (DRC), a maximum of 90 sen for every pound of latex based on a percentage of DRC and a maximum of 60 sen per kg of unsmoked rubber sheet based on DRC, he said.ADVERTISEMENT Uggah said the programe would be managed by MRB for Peninsular Malaysia, Sabah Rubber Industry Board in Sabah and the Sarawak Agriculture Department and the MRB in Sarawak.Stay up-to-date by following Daily Express’s Telegram channel.
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"Smallholders can claim in any MRB offices in the Peninsular Malaysia and Sarawak Agriculture Department in Sarawak by submitting an official sales receipt and rubber authority transaction permit cards.
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Uggah said a monitoring committee, chaired by him, and comprised relevant ministries and agencies, will be set up to ensure there was no fraud in the implementation. –Bernama