10/06/2014

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MALAYSIA: Planters want more rubber replanting grants from budget 2015

He said this was because the current allocation of RM297 million given under the Entry Point Projects (EPP) for replanting and new planting schemes, to be carried out by 2020, was only sufficient for about 15,000 hectares.

"It is estimated that Malaysia needs 200,000 hectares of land to be replanted. Therefore, the need to increase allocation is crucial," he said.

Mohd Emir opined that to boost the rubber sector, the industry would need to be further diversified, with emphasis on high value-added and high technology rubber products, especially for engineering, construction and marine applications.

"The government should provide incentives for Malaysian rubber players to stimulate more efforts in research and development (R&D) for new product development and downstream activities, including the extraction of biochemical products from latex," he said.

Source: "Bernama” (National News Agency of Malaysia), Kuala Lumpur; 1 Oct 2014
(Syed Rashid Ali, Karachi, Pakistan)

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