Farmers may soon start trading electronic warehousing receipts on e-NAM

The receipt will get the cultivator the best price for his produce. He can also obtain finance against it

Integration of electronic negotiable warehousing receipts (e-NWR) with the Electronic National Agriculture Market or eNAM, as announced by the Finance minister in her Budget speech on Saturday, is expected to be complete in one or two months.

Warehouse receipts are issued by repositories who keep electronic records of goods deposited in a warehouse and subsequent transfers, in much the same way as depositories operate in the capital market. However, receipts for warehoused goods can now also be negotiable and hence tradable. CDSL Commodity Repository Limited, a repository set up by the CDSL, has already been integrated and has begun issuing