Andrew
Online Reporter
Self-financed farmers who intend to take their wheat to warehouses other than the Grain Marketing Board (GMB) depots should engage the Zimbabwe Mercantile Exchange (ZMX) and receive warehouse receipts.
In a statement on Monday, ZMX said trading of wheat should be in full compliance with Statutory Instrument (SI) 188 of 2021.
“Self-financed farmers and contractors may trade wheat at market prices, and ZMX has the necessary infrastructure to support these trades,” said ZMX.
“Those eligible to trade their wheat need to first obtain the necessary grain movement permits from GMB if they wish to take the wheat to warehouses other than GMB depots, open ZMX accounts and receive warehouse receipts as above.
“Holders of warehouse receipts will be able to deposit the warehouse receipts with any of the participating custodian banks who will facilitate trading on the ZMX exchange.”
Warehouse receipts for Government schemes, ZMX added, would only be issued through GMB depots.
“All self-financed farmers and contractors who deliver wheat to designated warehouses shall be issued with warehouse receipt in terms of the Warehouse Receipt Act (Chapter 18:25).
“The following are the approved warehouses that will issue warehouse receipts in terms of the said Act: GMB Depots – Aspindale, Banket, Bulawayo, Concession, Chinhoyi, Chegutu, Gweru, Lion’s Den, Magunje, Masvingo, Murehwa, Norton, Bak Storage and S&P Logistics.”
Online Reporter