KAJANG (Nov 12): The Primary Industries Ministry will conduct a study on the Rubber Production Incentive (IPG) floor price, which is currently set at RM2.20.
Its Minister, Teresa Kok said the government has proposed to allocate RM50 million under the 2019 Budget to implement the IPG to help smallholders and rubber tappers, but has yet to determine its floor price.
“The problem is the quantum, the floor price, which is RM2.20, and the ministry will be conducting a study to see if it should remain at RM2.20 or increase it. – Bernama
