On July 7, 2015, Strategic Partnership Grantee Cargill/ECA Mozambique accepted delivery of 2.5 tons of maize at its Catandica warehouse against three warehouse receipts. Since May 2015, when the first ever warehouse receipt was issued online at the Catandica site as a result of support from USAID's Southern Africa Trade Hub, word has spread to farmers and traders about the access to safe storage and finance offered by the warehouse receipt system.
Maize prices have also risen from six to ten Meticais (about US$0.16 to US$0.26) per kilogram since May, encouraging the preference for safe storage for grains over loan finance by farmers.
The Trade Hub continues to work closely with Cargill/ECA and BOM (Banco de Oportunidade de Mozambique) and this week sent three specialists to Catandica to assist in commissioning the site to issue online electronic warehouse receipts independently to farmers and traders in the district during the harvest season from July to October.
Photo: Farmers offload 2.5 tons of maize at the ECA/Cargill warehouse for safe storage using warehouse receipts