Maize warehouse receipting trade system to start Oct

Agriculture Cabinet Secretary (CS) Peter Munya. FILE PHOTO | NMG

Farmers will from October sell their maize through a Warehouse Receipting System (WRS) as the government ceases purchasing of the produce from growers in favour of commodities exchange trading.

Farmers will be required to deposit their maize in certified warehouses and get issued with warehouse receipts as they wait for the price to be in their favour before selling it at a later date, which is a departure from a long-standing tradition where the State buys the commodity through National Cereals and Produce Board (NCPB).

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