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Periodical article |
| Title: | The Role of Warehouse Receipt Systems in Enhanced Commodity Marketing and Rural Livelihoods in Africa |
| Authors: | Coulter, Jonathan Onumah, G. |
| Year: | 2002 |
| Periodical: | Food Policy |
| Volume: | 27 |
| Issue: | 4 |
| Period: | August |
| Pages: | 319-337 |
| Language: | English |
| Geographic term: | Africa |
| Subjects: | commercial law agricultural marketing storage Agriculture, Natural Resources and the Environment Development and Technology Economics and Trade |
| External link: | https://doi.org/10.1016/S0306-9192(02)00018-0 |
| Abstract: | Most African countries have, since the 1980s, liberalized agriculture without experiencing food crisis, but the outcome of reforms has been rather disappointing and agricultural markets remain underdeveloped and inefficient. One means to improve agricultural marketing is to develop regulated warehouse receipt (WR) systems. The system will curtail cheating on weights and measures; ease access to finance at all levels in the marketing chain; moderate seasonal price variability and promote instruments to mitigat price risks. It will also reduce the need for the government to intervene in agricultural markets, and reduce the cost of such interventions if needed. The major problem in establishing WR systems in Africa is disabling elements in the policy environment. Drawing on experience from projects implemented in Africa since the 1990s, with a particular focus on the Common Fund for Commodities (CFC) grain inventory project in Ethiopia, Ghana and Zambia, the authors outline how this challenge can be addressed, the most crucial being to build strong stakeholder support behind the initiative. Bibliogr., notes, ref., sum. [Journal abstract] |