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  • Govt Commends Warehouse Receipt System 06/02/2020

    Jun 2nd, 2020

    <p></p><p>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.</p><br><p></p>


    Source: www.allafrica.com
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