By Daily News Reporter in Dodoma
THE government has said a warehouse receipt system (WRS) for selling crops is the best because it
incorporates other crops.
Among the crops
that have successfully yielded positive results in the new system
include cotton, according to Minister for Agriculture Japhet Hasunga.
Speaking at his
Dodoma offices, the minister said cotton would equally from now on be
procured through the warehouse receipt system.
Under Section 22(1)
of the Warehouse Receipts Act, 2005 each applicant for a licence to
operate a warehouse should have a certificate of insurance insuring all
commodities which are or maybe in such a warehouse for their full market
value for loss by fire, theft, burglary, arson or any other cause.
The warehouse
operator will make complete settlement to all depositors having
commodities stored in any warehouse, damaged or destroyed within 10 days
after settlement with an insurance company.
The WRS currently is in almost all regions in the country.
According to Mr
Hasunga, the crops under the WRS include cashew nuts, cotton, coffee,
maize, rice, sesame, sunflower and pigeon peas.
The move to ensure
that crops are sold through the WRS aims at boosting the agricultural
sector and is in line with the government's pledges to farmers.
Equally, Mr Hasunga
said this was one of the initiatives aimed at making farmers benefit
from agricultural activities and address challenges that had been facing
them for many years.
According to the
minister, since the inception of a new system, many farmers especially
from the southern parts of the country producing cashew nuts have
benefited much from the system.
"For this system to
be professional and efficient, we need to have cooperative unions of
the crops under the new system," he noted.
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