AVERAGE WHOLESALE PRICES IN LOCAL MARKETS FOR THE WEEK ENDED 18th – 22nd NOVEMBER 2024: CEREALS: DRY Maize-White Maize (90kg): 3,511.65|| Rice-IRR (50kg): 6,278.50|| Rice-Pishori (50kg): 6,991.00|| Rice-Sindano(50kg): 7,114.50|| Wheat-Wheat(90kg): 7,266.75|| LEGUMES: Beans-Canadian Wonder(90kg): 10,809.30|| Beans-Mwezi moja(90kg): 10,163.93|| Beans-Mwitemania(90kg): 9,053.01|| Beans-Yellow green(90kg): 13,401.09|| Beans-Red Harricot (Wairimu) (90kg): 9,930.13|| Beans-Rosecoco(90kg): 11,881.80|| Beans-Rosecoco: Nyayo (90kg): 11,410.17|| Green Grams-Hybrid polished(90kg): 10,675.46|| Green Grams-Local special(90kg): 11,200.68|| Green Grams-Makueni(90kg): 11,224.44|| ROOTS & TUBERS: Red Irish Potato-Red Irish potato (50kg): 3,171.33|| VIEW MORE
Warehouse Receipt Trade is the process of buying and selling goods stored in certified warehouses using warehouse receipts as the transactional instrument. A warehouse receipt is a negotiable document issued by a certified warehouse, confirming the ownership, quantity, and quality of stored goods. This system transforms agricultural commodities into tradable assets, enabling smoother and more transparent transactions in the marketplace.
Streamlined trading reduces transaction costs and improves market transparency—The warehouse receipt becomes a document of ownership that can be sold or transferred to another party.