About Afrwood Wakulima Market ® Online

 Afrwood Wakulima Market® is a private business platform for the exchange of Agricultural produce at the convenience of the users. Farmers, traders, processors and Milers price, sale, deliver and get paid in the comfort of their home or offices provided the Commodity is in a an accredited Warehouse and their credit is verified by their bank or financial institution.

Afrwood Wakulima Market ® provides a platform for verified players including:

A.    Producers and Farmers

B.     Market Makers

C.     Brokers

D.    Traders

E.     Millers and Processors

F.      Warehouse Operators and Transporters

G.    Payment Platforms

 

The Selling Procedure: Seller is required to deposit commodities in registered warehouse. Horticultural producer may arrange for verification by Afrwood Wakulima Markets® to enable farm to market to maintain freshness. A Seller has two choices: To Register and be verified by Afrwood Wakulima market® and list a commodity or Seller instructs registered trader of their choice by filling Instruction to sell form OR if seller is registered and verified, they list the WR. Seller transfers receipt to Afrwood Wakulima Market ® Customer Account for listing on the platform. If the Clients Market Lot price is reached, the lot is sold, the Buyer pays and the seller is paid either directly or through their trade agent. The parent companies of AFRWOOD WAKULIMA MARKET® do at times buy produce on the platform to provide liquidity, the auction runs its cause before any such buying takes place and the seller’s floor price is maintained in all cases.

Buying Procedure: Client registers and is approved after verification OR approaches registered market traders of their choice. Client instructs trader on what they wish to buy by filling instruction to buy form. Registered trader bids on the clients behalf. Note; buyer may be required to deposit a sum of money equivalent of expected purchase. All Bid MUST be backed by Bank guarantee, cash or approved open account.

Afrwood Wakulima Markets ® accepts Warehouse Receipts issued by Warehouse Operators registered by the Uganda Commodity Exchange or and the East African Grain Council. As of the time of writing the following were registered the list may change as operators are added or removed by the accrediting and registering agencies, Afrwood Wakulima Markets ® may have working relationships with processors or millers to hold commodities in other bonded warehouses at arms length:

 

1.      Lesiola Grain Handlers Ltd Nakuru Kenya

2.      Export Trading Company Ltd Eldoret Kenya

3.     Export Trading Company Ltd Kitale Kenya

4.      National Cereals & Produce Board Kenya –Various locations

5.       Nyakatonzi Cooperative Union LTD

Plot 9-3 Kasese/ Fort Portal Road,
Tel:0772426883 
Tel: 0782881488
Email: ngcu@utlonline.co.ug

 

6.       Agroways (U) LTD

7.       Tel: 0782391354, 0787409271
Email: agroways_ltd@yahoo.co.uk

 

8.       Masindi Seed and Grain Growers LTD

Mr. Godfrey
Tel:0772636456, 
Email: msggltd@yahoo.co.uk

 

9.       Elshaday General Trading Co. LTD

Manager, Elshaday
Plot 6-16,
2nd Street Industrial Area
Tel: 0772501012
0777707105
0773453521
Email: atlanticjinja@yahoo.com

 

10.    WFP Gulu ( World Food Program Gulu)

Tel: 0414 505363 0772 449693
Mobil: 0773 471229 070 2057734 
email: patrick onapa patrick@coronet.co.ug

Or patrick.onapa@yahoo.com
Plot 13-19, Bunyoro Road 
Layibi, Gulu Municipality. 

 

Afrwood Wakulima Markets® is satisfied that working with all market players, the platform will provide value to the market and generate income to the company.

 

1.      Afrwood Wakulima Market® targets the 65-70% of East African who are market dependent for their food security  and the organizations that buy for the 30-35% who are still dependent on food aid.

2.      Afrwood Wakulima Market® is also aimed at reducing regional food insecurity by strengthening the ability of markets to provide access to affordable food to all households and improve food availability through providing adequate incentives to producers. AWM® aims to expose available commodities to the Diaspora to ensure market support through purchasing instead of transfer payments.

3.      Afrwood Wakulima Markets® appreciates that the buying power of the organizations that buy food for donations to households among the food insecure that are structurally poor, can have a very positive effect on the producers if they buy local.

4.       Afrwood Wakulima Market ® recognizes that there are also market-dependent households who are able to purchase food if it is available at the right time, price and quantity in the local markets through enhanced effective competition.

5.      Afrwood Wakulima Market ® will make food available at right time, price, and quantity by providing continuous information and reducing market spreads in distance and time.

 SERVICE PAYMENTS

Afrwood Wakulima Market ® is a for profit operation, it charges fees for its services and for use of platform. The fees include general activation fees, Edit fees, User Sign-up fees, User Membership fees, Auction fees, Picture gallery fees, Reserve Prices fees, Buy Now fees, Home featured fees, Category featured fees and Relisting fees. Fees will be accessed and presented to the client before they are incurred. Afrwood Wakulima Markets® accepts credit card and check payment in USA funds throw African Wood Inc, and in Kenya funds via Mpesa and Checks through Contract Service Associates Ltd. Invoices provide all options and should be paid on presentation. 

 

Selling on Afrwood Wakulima Market ® , AWM®

 

1.      Register at www.afrwood.com after reading, understanding and accepting the User Agreement.

 

2.      Receive and pay the Platform User,registration & Credit Check fees invoice from AWR® either from African Wood Inc., for USA funds or Contract Service Associates Ltd for Kenya funds- Currently US300 per year. Members are allowed to sell for the account of non-members.

 

3.      On receipt of payment, AWM® will activate your account.

 

4.      Deposit your produce to WRS Certified Warehouse

 

5.      Sign into your account at www.afrwood.com and list you commodity.

 

6.      Chose a Category, It’s recommended that you list a market lot, each commodity has different market lot specification but have one thing in come, each market lot  is 20 Metric tons. AWM® Charges for Edits, take time in writing your offer.

 

7.      There is an Auction fee (US$20) per market lot and a final value fees which is due when you sell (0.5% of final sale price).

 

8.      The Trades on Afrwood Wakulima Market ® are Exchange for Physical (EFP) hence once the auction concludes Sellers are to deliver the WR with invoice and authorization for Buyer to take delivery of produce from Warehouse. Buyer is required to be good for the money before bidding hence EFP is expected to be smooth.

 

9.      Afrwood Wakulima Market® is a wholesale Specific Market LOT platform, do familiarize yourself with the Commodity Codes, and Market Lots, Auctions are market LOTS not quantities, i.e White Dry Maize is sold in a market lot of 222bags of 90kg each, hence QTY 1 means 222 bags! Under Code 222CDM090©

 

Buying on Afrwood Wakulima Market ® , AWM®

 

A.    Register at www.afrwood.com after reading, understanding and accepting the User Agreement.

 

B.     Receive and pay the Platform User, registration & Credit Check fees invoice from AWR® from African Wood Inc., either for USA funds or Contract Service Associates Ltd for Kenya funds- Currently US300 per year Payment may also be made by Visa, Equity and Iko Pesa-branded card on African Wood Inc invoices directly. Members are allowed to bid for the account of non-members.

 

 

C.    On receipt of payment, AWM® will activate your account.

 

D.    Provide Bank guarantee for 100% of expected trades in a 14 Day cycles, Or Deposit Cash equal to the expected Bid with Contract Service Associates Ltd customer funds account.

 

E.     Sign into your account at www.afrwood.com  and place your bids. Auctions will run from Saturday to Friday, unless bought through AWM® BUY NOW or the acceptable price is reached earlier.

 

F.     AWM® Charges the buyer a final value fee of 0.5% of the final price per auction.

 

G.    Afrwood Wakulima Market® is a wholesale Specific Market LOT platform, do familiarize yourself with the Commodity Codes, and Market Lots, Auctions are market LOTS not quantities, i.e White Dry Maize is sold in a market lot of 222bags of 90kg each, hence QTY 1 means 222 bags! Under Code 222CDM090©

 

Afrwood Wakulima Market ® , AWM® Commodities, Codes and Market LOTS

 

The Afrwood Wakulima Market ® Commodity Code is made of five parts: 222CDM090©

1.      The Market Lot size, i.e the bags or boxes that make a market lot. 222 bags

2.      The Commodity Class i.e C for Cereals

3.      The Commodity i.e DM for Dry Maize either grade 1 or 2

4.      The Weight per unit (bag) i.e 090  for 90Kg per bag

5.      The copyright © indicating that this code is proprietary

Last updated on : 20/11/2011