Warehouse Receipt System Council say they have been unable to stock the grain for growers in the ongoing season because of the existing high prices in the market.
State seeks warehouse operators for commodities receipt system
Friday February 26 2021
By BRIAN NGUGI
Summary
The Agriculture ministry has invited firms to apply to set up and operate the new warehouse receipt system that will back commodities exchange.
The electronic system would allow owners of agricultural goods to deposit their commodities in certified warehouses and get issued with receipts as they wait for the price to be in their favour before selling at a later date.
The Warehouse Receipt System Council did not say when it expected the planned exchange to kickstart.
The Agriculture ministry has invited firms to apply to set up and operate the new warehouse receipt system that will back commodities exchange.