BANKING AND ECONOMY
mRube, the electronic trading platform promoted by Rubber Board will go live from June 8. The Ahmedabad-based i-Sourcing Technologies is the technology partner. mRube follows a simple one-time registration. KN Raghavan, Executive Director will launch the beta version of the electronic platform at a function in the presence of the Rubber Producer Society and other industry representatives.
The producers are losing their opportunity for want of proper market awareness. The board said that there are also cases where growers and co-operatives find it difficult to sell rubber as per quality grades to the final consumer, which often dissuades them from producing quality material.
The trade system, therefore, is expected to bring in more transparency and market visibility, while also attracting more players from far-off places.