The Theory of Warehouse Receipt Finance for Producers
Warehouse receipt systems (WRS) are regulatory frameworks to license and oversee warehouses storing the goods of depositors, and to provide legal support for the issuance of negotiable warehouse receipts (NWRs) to depositors...
We collected the recent series of articles in one publication "ACE Retrospective 2005-2020 - A journey through structured trade: from an idea to a licensed agricultural commodity exchange". Please have a look if you missed an article or simply check out the contributions by industry experts: Adam Gross, Chris Sturgess and Ian Goggin. Enjoy and please help share our story
An era of informally developing structured trade in Malawi comes to an end
Lilongwe, Malawi, 8th April 2020: ACE Africa’s journey began in 2004 when National Smallholder Farmer’s Association of Malawi (NASFAM), conceptualised the idea of establishing a commodity exchange in Malawi...
In 2016 ACE developed and published the ACE Rural Strategy 2020 and in 2020 ACE collected its experiences developing structured trade in Malawi in a publication named the ACE Retrospective. The ACE Trust Strategic Plan is a natural progression of this work to guide the efforts of ACE in the coming years.
This gives a small farmer the ability not to sell immediately after harvest when prices are traditionaly too Low. Farmers and other clients can deposit and safely store their commodities at ACE certified warehouses. ACE has 53 warehouses representing 225,884 metric tonnes of storage space available for third party deposits. From this, ACE operates a nation-wide network of 29 rural warehouses owned by partner farmer associations or private sector partners; cumulatively they offer depositors access to 22,900 metric tonnes of storage space. Upon deposit, the commodity is cleaned, graded, re-bagged and stacked.
The Ace Rural Strategy 2020 will guide ACE’s programmatic planning, decision-making and total activities for the next 4 years. Operationalised as an ACE-internal change project, the Rural Strategy looks at how ACE can better support farmers to deposit and trade through ACE, how we can improve the tailoring of our services to better serve rural clients and finally what we need to do to become more accessible, efficient and effective