c20.2022 - Rubber & Op Wage Rate
c20.2022 - Rubber & Op Wage Rate
20/2022
23 May 2022
OIL PALM
The Malaysian Palm Oil Board (MPOB) has advised that the monthly-weighted average price
for crude palm oil for the current plus one position traded during the month of April 2022 was
RM7,120.50 per tonne. At the price given, the harvesting rates payable for the month of June 2022 will
be those applicable to price zone “Above RM2,100-RM2,200 (inclusive)” in accordance with the above
Agreement.
Accordingly, the price bonus payable for the month of June, 2022 at the above price is RM14.10
per full day’s work per employee.
The MPOB price for crude palm oil, as indicated above, was RM7,120.50 At this price,
the following rates will apply for the month of June 2022:-
…2/-
RUBBER
In the absence of average daily prices of RSS No. F.O.B. Noon Buyers and SMR L Noon Buyers
price, MAPA and NUPW have agreed, as an interim measure, that the price zone applicable would be
based on the adjusted average price of SMR L Noon Sellers price by using the factor of 0.892.
Accordingly, as the adjusted average price of SMR L for the month ended 23rd May 2022 was 992.55
sen per kg., the price zone applicable is above 400/420 sen per kg. (inclusive). At this price, the following
rates will apply for the month of June, 2022:-
1. TAPPERS :
(b) The Incentive Payment for High Yielding Fields for each kg. above 15kg./task (dry)
and the rate for scrap (wet) will be :-
(i)
…3/-
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