Malaysia increases ceiling price for rubber to RM2.70 a kilogram

Kuala Krai, Malaysia – More than 100 rubber tappers in Kuala Krai hailed the government’s initiative to implement the new incentive for the production of rubber by increasing the ceiling price of rubber from RM2.50 to RM2.70 a kilogram through an allocation of RM350 million.

Prime Minister Datuk Seri Anwar Ibrahim urged the Lembaga Getah Malaysia (LGM) to ease the process of claiming incentives involving rubber tappers who may have to travel tens of kilometers to claim their incentive.

The government has also decided to increase the assistance provided during the rainy season to smallholders be increased from RM600 to RM800 for a period of four months to ease the burden of about 320,000 people through an allocation of RM256 million.