Will scrap rubber floor price rise to RM3 per kg?

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Proposal to Increase Scrap Rubber Floor Price to RM3 per Kilogramme Under Consideration

A proposal to increase the floor price for scrap rubber to a minimum of RM3 per kilogramme is being presented to the Ministry of Finance for thorough consideration. This initiative stems from requests made by smallholders who are facing escalating costs for agricultural inputs. The previous adjustment to the floor price, raising it from RM2.50 to RM2.70 per kilogramme, was announced in the 2023 Budget.
Consideration by the Ministry of Finance

Deputy Prime Minister Datuk Seri Fadillah Yusof has indicated that the proposal will be forwarded to the Ministry of Finance. The final decision on whether to implement the price increase will be evaluated based on the government's financial capacity to do so. This ensures that any policy change is aligned with the nation's economic capabilities.
Smallholder Advocacy for Price Adjustment

The request to raise the scrap rubber floor price originates directly from smallholders. They have communicated that a price of RM3 per kilogramme would be an appropriate level, particularly in light of the rising expenses associated with agricultural materials and processes. This underscores the direct impact of input costs on the livelihoods of those in the rubber smallholding sector.
Previous Price Revision in Budget 2023

The floor price for scrap rubber has seen an upward revision in the recent past. Specifically, within the allocations of the 2023 Budget, the price was adjusted from RM2.50 to RM2.70 per kilogramme. Despite this increase, smallholders continue to advocate for a further adjustment to the RM3 per kilogramme threshold.

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Will scrap rubber floor price rise to RM3 per kg?

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