‘mRube’ Trading Portal to Offer Rubber Quality Certification at Rs 1/Tonne

For product manufacturers purchasing rubber through the portal, mRube, the electronic trading platform for natural rubber, will offer a one-of-a-kind scheme of certifying the commodity's quality certification at a rate of 1 per tonne. The Rubber Board has launched an electronic platform to improve the efficiency of the domestic natural rubber supply chain.

The quality of rubber traded is a major concern for manufacturers, particularly non-tyre sector units, which frequently fail to receive rubber of the desired quality. This frequently leads to trade disputes because trade is based on trust, and the non-tyre sector lacks any mechanism for quality checking.

Rubber Board has created a quality certification system in mRube that all users can use at a low cost. This feature was added to mRube to address the quality concerns of buyers who are far from the production points and do not have their own quality control mechanism. Invoking such a quality assurance mechanism is expected to transform the domestic rubber trade.

Starting July 11, the quality certification scheme of 'mRube' covers quality assaying of Ribbed Smoked Sheets (RSS), Indian Standard Natural Rubber (ISNR), and Concentrated latex grades for 30 days.

Who is eligible for this?

• Users who purchase up to 10 tonnes of rubber per invoice per day can benefit from the scheme. The scheme will only allow for two quality certification requests per week per licensee.

• Users can request an unlimited number of quality certifications at the standard rates specified in the 'mRube' portal. On June 8, the electronic market for natural rubber, mRube, was launched.

mRube currently has over 500 registered users, the majority of whom are rubber product manufacturers in the tyre and non-tyre sectors. mRube's trading hours are from 10 a.m. to 5 p.m., Monday through Saturday, excluding national holidays.