From August 7-11, 2015, USAID’s Southern Africa Trade Hub trained warehouse managers from ETG on the basic concepts of the Warehouse Receipts System (WRS) and demonstrated a live connectivity session to prepare Northern Mozambique for WRS, which was launched in Mozambique in May 2015.
The web-based platform gives farmers access to finance by allowing them to deposit grain, receive a receipt on the spot, and use the receipt as collateral. Warehouse receipts are issued online at the www.mozwarehouse.com gateway.
Extension training also began in coordination with international NGO CLUSA (Cooperative League of the USA) to encourage farmers and traders to make use of the system. The Trade Hub will return to Nampula and Gurue in September to conduct a live test of the system for Bank of Mozambique farmers willing to deposit grain at certified ETG warehouse sites.
Current market trends in Mozambique reflect volatility in the maize market with prices doubling from 6 MTS/kg to 12 MTS/kg since the WRS went live in May. Warehouse receipt owners that deposited grain at the Catandica site in May have consequently benefited in a significant way from participating in the system, and demand for WRS has now spread to the Nampula district.
Photo: Certified warehouses offer quality storage for grain and enable farmers to make use of the Warehouse Receipts System