Ups and downs of rubber, pepper & cocoa industry 13 Dec 2020 / 11:11 H. Pix for representational purpose only. - Reuters
KUALA LUMPUR: The rubber, pepper and cocoa industry in Malaysia is not isolated from the effects of the Covid-19 pandemic which triggered not only supply problems, but also demand, coupled with the labour shortage plaguing the agricultural sector.
In order to stabilise agri-commodity prices in the face of continuing economic challenges, the government implemented several measures including exploring new markets through promotional activities and matching new markets with local manufacturers and buyers from abroad.
Among the government incentives to assist the rubber sector is through the RRIMniaga Application which can be used by licensees to record rubber transactions to expedite the Rubber Production Incentive application process from the Malaysian Rubber Board (MRB).