[IVC]: Kabadougou cashew producers welcome arrival of warehouse receipt system

September 06, 2019

Odiénné - Cashew farmers in the Kabadougou region welcome the implementation of the Warehouse Receipt System (RMS), an innovative mechanism instituted to secure operations related to the marketing of agricultural products and which will induce substantial increase in their income.

© AIP by DR Information session on the legal framework and operational tools At the end of an information session, on Thursday, in Odiénné, on the legal framework and the operationalization tools, Doumbia Yousouf, Chairman of the Board of Directors of the Anacarde-Côte d'Ivoire cooperative, was delighted the gain in quality that this system will bring.

At the end of an information session, on Thursday, in Odiénné, on the legal framework and the operationalization tools, Doumbia Yousouf, Chairman of the Board of Directors of the Anacarde-Côte d'Ivoire cooperative, was delighted the gain in quality that this system will bring.

"Denguélé is a big cashew production area but it is always said that our products are not of good quality. With the advent of this system, with the advent of the stores ARRE to store our products and guide us in marketing, it is really a feeling of joy that drives us, "he said.

Economic operator and financial manager of a cashew processing plant in Odiénné, for Coulibaly Youssouf, the SRE "comes just in time" for its structure which is building a large warehouse of 1200 m2.

"For a processing plant it's welcome because we need it in the North. To store our products and those of other economic operators who do not have the means, "he said, welcoming the holding of this information session. This meeting is part of the information campaigns on the texts and the operational tools of the SRE, initiated by the Regulatory Authority for Warehouse Receipt System (ARRE).

Established by law N ° 2015-538 of 20 July 2015, the SRE aims to offer Côte d'Ivoire the opportunity to benefit from the entire value-added chain and boost the processing of agricultural raw materials. The objectives behind its creation include the improvement of producers' incomes and the guarantee of product quality and availability.

The system also aims to facilitate access to credit in a sector that is not popular with bankers, usually. It integrates the initiatives deployed by the government as part of its plan for the development and processing of agricultural raw materials.

Under this system, a storage receipt is issued in the name of an applicant (a farmer, a group of farmers, a processor or a trader) to certify the deposit of a particular commodity in the quantities and the quality indicated at a given location. The holder of the receipt may pledge it to a lender (the deposited merchandise used as collateral for the loan) or transfer it to a buyer (through a sale).

(AIP)

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Source: Abidjan.net