Rubber production incentive activated
Published on: Tuesday, April 07, 2020
By: Bernama
File photo from Bernama.
Kuala Lumpur: The Malaysian Rubber Board (MRB) has activated the Rubber Production Incentive (IPG) for March 2020, and smallholders may apply for the IPG payments from April 1-30, 2020. In a statement Monday, the MRB said the payments are based on a cuplump payment of 55 sen per kilogram (kg) for the peninsular, 90 sen per kg for Sabah and 70 sen per kg for Sarawak.Stay up-to-date by following Daily Express’s Telegram channel.
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The MRB said starting from January 2020, the IPG will be activated if the average monthly SMR 20 Free on Board (FOB) price is at RM6.10 per kg, or when the farmgate price goes below RM2.50 per kg. –Bernama
