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    Home > Chemicals Industry > Rubber Plastic News > Malaysia's monthly subsidy for small rubber farmers is expected to increase by 25% this year

    Malaysia's monthly subsidy for small rubber farmers is expected to increase by 25% this year

    • Last Update: 2021-11-24
    • Source: Internet
    • Author: User
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    According to a Malaysian media report on February 1, the Minister of Plantation Industry and Commodities of Malaysia stated that the proportion of small farmers applying for the Rubber Production Subsidy Mechanism (IPG) is expected to increase this year, thereby increasing their income by 25% each month

    .


    The minister stated that after requiring middlemen and rubber buyers to apply for RRIMniaga from January 1 this year, IPG assistance will be provided directly to small farmers without the need for manual application procedures

    .
    With the help of IPG, the income of small farmers is expected to increase by 25% from RM933 per month to RM1,167

    .
    This is calculated based on the average farmers owning two hectares of land and the price of cup glue of 2 ringgit/kg

    .


    The minister stated that as of 2020, 30.
    16% of small farmers with rubber trading authorization licenses (PAT-G) have applied for IPG

    .
    Among the 495,296 PAT-G cardholders, the number of farmers who voluntarily applied for subsidies was 135,632, and the area of ​​small rubber farms involved was 294,095.
    79 hectares

    .


    The Malaysian government has never stopped providing assistance to small farmers, especially when rubber prices are low

    .
    The Ministry and the Malaysian Rubber Board (MRB) have taken a number of initiatives, including the IPG program and the use of the RRIMniaga app to help alleviate the impact of falling prices and ensure the continuous production of goods and stabilize the income of smallholder farmers

    .


    MRB launched the RRIMniaga app early last year to facilitate rubber transactions involving retailers, buyers and middlemen

    .


    In the 2021 budget, the allocation of IPG funds has doubled from last year to RM300 million

    .


    Since last year, the Covid-19 pandemic has worsened the economic situation.
    At present, more than 450,000 small rubber farmers in the country are still struggling in a difficult economic situation

    .

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