Professional Documents
Culture Documents
12/2023
21 July 2023
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 June 2023 was
RM3,730.00 per tonne. At the price given, the harvesting rates payable for the month of August 2023
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 August, 2023 at the above price is
RM7.30 per full day’s work per employee.
The MPOB price for crude palm oil, as indicated above, was RM3,730.00. At this price,
the following rates will apply for the month of August 2023:-
…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 21st July 2023 was 742.34
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 August, 2023: -
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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