Tridge summary
The Tanzanian Agriculture Deputy Minister, Hussein Bashe, defended the warehouse receipt system in parliament, citing it as a key tool that has improved market access and pricing for farmers, especially cocoa farmers. He provided examples of price increases from 3,000/- in 2015/16 to 5,011/- per kilogramme in the previous year. The system has also enhanced transparency, improved price setting, and supported the government in collecting revenue and tracking production data. Additionally, it facilitates the storage, future trade, and access to credit for farmers without moving the commodities from the licensed warehouse. The government's goal is to boost the earnings of smallholder farmers and traders by addressing various marketing challenges such as post-harvest losses, quality issues, price volatility, and lack of market information.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
WAREHOUSE receipt system has proved to be the best practice that besides assuring farmers with market, also presents them with good prices. That was said on Wenesday in Parliament by the Agriculture Deputy Minister, Hussein Bashe adding that last year, cocoa farmers through the warehouse receipt system managed to sell at 5,011 per kilogramme in comparison to 3,000/- they were earning in 2015/16 season. He gave the assurance while answering Kyela Member of Parliament -Ally Mlaghila (CCM) who wanted to know when the warehouse receipts system will change to benefit farmers and cooperatives against allegations that it was not meeting its target. The Deputy minister said the warehouse receipt system has increased transparency and price, hence presenting farmers with best market prices. Elaborating, he noted the system has supported the government to collect revenue and get correct data of production from cocoa farmers. Mr Bashe cited 2018/19 case study when more than 7,532.13 tonnes of ...
Source: All Africa
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.