Malaysia announces price increase to support rubber growers

Kuala Lumpur, Malaysia – The Malaysian Plantation and Commodities Ministry increased the price of the Rubber Production Incentive (IPG) from RM2.50 to RM2.70 per kilogram with an allocation of RM350 million.

Deputy Minister Datuk Seri Aminah Aching said the government is always concerned regarding the welfare of rubber tappers whose income has been affected when the price of rubber declined.

“In regards to the proposal to increase the flooring price of rubber scrap to RM4.50 per kilogram, the ministry will first implement the IPG activation price as presented in the revised 2023 Budget,” she told the Dewan Rakyat.

She said this when answering a question from Muhammad Ismi Mat Taib (PN – Parit) who asked if the government had plans to raise the IPG rate from RM2.50 to RM4.50 at this time.