IPG Benefits 239,053 Rubber Smallholders, With RM523.4 Mln Total Payout
KUALA LUMPUR, July 22 (Bernama) -- The Rubber Production Incentive (IPG) has benefited 239,053 smallholders, with total payments amounting to RM523.4 million from its implementation in September 2015 up to June 30, 2025, according to the Ministry of Plantation and Commodities (KPK).
The IPG, aimed at ensuring the welfare of rubber smallholders by providing a fair income when rubber prices fall below the activation price level, has been increased to RM3 per kilogramme starting in 2024.
Meanwhile, KPK also reported that 221 tonnes of latex have been successfully produced through the Latex Production Incentive Project (IPL+) as of June 2025.
'This amount is expected to rise with the expansion of the programme to three additional locations -- Negeri Sembilan, Pahang and Selangor -- currently underway in 2025.
'This initiative is also an initial step toward reducing dependence on imported latex,' KPK posted on the Parliament's website on Monday.
The ministry was responding to Datuk Awang Hashim's (PN-Pendang) question regarding its strategic measures to ensure rubber prices remain stable and do not decline to levels that would negatively impact the income of smallholders.
KPK highlighted that the Malaysian Rubber Board (LGM) is currently constructing three centres for the National Rubber Industry Transformation Program (TARGET), which are expected to be operational by the second quarter of 2026.
The implementation of TARGET aims to increase the income of small rubber farmers by enabling them to be directly involved in the industry supply chain without relying on middlemen.
'It shortens the supply chain and enables smallholders to produce value-added crepe rubber with a Dry Rubber Content (DRC) of around 80 per cent, which provides higher returns.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
28 minutes ago
- New Straits Times
Owner offered to sell Kelantan FC for RM300,000 amid confusion
KUALA LUMPUR: Kelantan FC owner Norizam Tukiman revealed that he had offered to sell his team to Gerakan Selamatkan Kelantan (GSK), led by Nik Hafiz Naim Nik Hassan, for RM300,000. However, Norizam said that the offer, which included a "large discount," did not receive a response from GSK. "I gave them options for free and for sale, but GSK didn't accept, instead wanting to buy and 'control' TRW Kelantan FC completely. "Discussions started from RM3 million, and eventually, I agreed to sell the majority stake for RM300,000, but in the end, there was no answer from Nik Hafiz. "I also contacted Nik Hafiz regarding this payment, but then suddenly, there was silence," Norizam said in a post on his Facebook page. Norizam claimed that Nik Hafiz decided to establish Kelantan Red Warriors (KRW) after negotiations to purchase shares in Kelantan FC fell through. "Instead, Nik Hafiz directly met with the Kelantan Football Association (KAFA) and the Amateur Football League (AFL) and established KRW. "I see KRW wanting to become TRW, using the name Kelantan Red Warriors along with the logo that is officially owned by TRW. "Today, people are confused that there's another TRW from Kelantan Darul Naim. To me, this confusion wouldn't be an issue if the AFL and the FA of Malaysia drafted a specific law about names," said Norizam.
The Sun
28 minutes ago
- The Sun
PM Anwar receives 13MP document for tabling in Parliament
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim today officially received the 13th Malaysia Plan (13MP) document, which he will table in the Dewan Rakyat tomorrow. The handover marks the completion of the preparation phase for the country's five-year development plan covering 2026 to 2030. Anwar, who also serves as Finance Minister, stated that the 13MP was designed as a comprehensive development plan focused on equitable growth for all Malaysians. 'Its preparation involved extensive engagement sessions with stakeholders across sectors, backgrounds, and regions, including state governments, to ensure the people's voices shape national planning,' he said in a Facebook post. The Prime Minister added that the MADANI Government welcomes constructive debate and proposals from MPs to refine the policies outlined in the plan. Earlier, Anwar received the document from Second Finance Minister Datuk Seri Amir Hamzah Azizan at Seri Perdana in Putrajaya. - Bernama
Barnama
an hour ago
- Barnama
PM Anwar Receives 13MP Document For Tabling In Parliament Tomorrow
KUALA LUMPUR, July 30 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today officially received the 13th Malaysia Plan (13MP) document, which he is scheduled to table in the Dewan Rakyat tomorrow. The Prime Minister said the handover marked the completion of the preparation phase for the country's five-year development plan for the 2026–2030 period. Anwar, who is also the Finance Minister, said the 13MP was drawn up as a comprehensive development plan with a focus on uplifting the people fairly and equitably, without sidelining any group.
