Horticultural Market overhauls business model

Tuesday, November 18, 2014

The new wholesale market is expected to be in place in the first quarter of 2015

The Botswana Horticultural Market (BHM) has adopted a new trading system that will see the entity change its business model from commission-based to wholesale trade.

Under the proposed wholesale system, produce will now be bought out-right and all the trading functions will be taken over by the market authority. The BHM will also now import some produce that is not available locally to improve the produce variety for the consumers.

Under the old system, BHM would sell produce on behalf of the farmer for a 12.5 percent commission with the grower only receiving payment after the crop has been bought.

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