What is the new rate for the Rubber Production Incentive?

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The new rate for the Rubber Production Incentive will be RM2.50 per kilogramme.

The government has announced an increase in the Rubber Production Incentive (IPG), raising the rate by 30 sen per kilogramme. This adjustment brings the new incentive to RM2.50 per kilogramme, an increase from the previously set rate of RM2.20 per kilogramme.
Increase in Rubber Production Incentive

The Ministry of Finance has confirmed an enhancement to the financial support provided to rubber producers. The Rubber Production Incentive (IPG) will see a direct augmentation of 30 sen for every kilogramme of rubber produced.
New Incentive Rate

Following this adjustment, the updated rate for the Rubber Production Incentive (IPG) will be RM2.50 per kilogramme. This represents a notable increase from the prior rate of RM2.20 per kilogramme.
Context of Agricultural Subsidies

This decision regarding the rubber incentive comes alongside other measures aimed at supporting agricultural sectors. Previously, the government also announced an increase in the Padi Price Subsidy Scheme (SSHP) to RM360 per metric tonne, a RM60 rise from the 2016 rate of RM300 per metric tonne. These measures were partly in response to suggestions from Members of Parliament advocating for greater attention to the needs of fishermen, farmers, and smallholders in the national budget.

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What is the new rate for the Rubber Production Incentive?

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