Rubber incentive rises to RM3.30
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The Malaysian government has announced an increase in the Rubber Production Incentive (IPG) to RM3.30 per kilogramme under the 2027 Budget, as reported by the New Straits Times. This move is aimed at helping smallholders cover their production costs and maintain their incomes in the face of volatile market prices and rising agricultural input costs.
The National Association of Small Farmers of Malaysia (NASFOM) president, Adzmi Hassan, emphasized the importance of the incentive in keeping rubber tapping viable and encouraging smallholders to continue production. The IPG has been increased three times since it was set at RM2.50 per kilogramme in 2022, with the latest rise announced by Prime Minister Datuk Seri Anwar Ibrahim during the tabling of Budget 2027.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
